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Earnings Report: Maple Leaf Cement Factory (PSX: MLCF) today reported Financial Results for the Twelve months ended June 30, 2017

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Maple Leaf Cement Factory announced Financial Results for the period ended June 30, 2017.

The company’s Net Sales for the period increased by 4 percent in the outgoing year, whereas the Profit after Taxation for the Period decreased by 2.20 percent.

The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 17.50% i.e. Rs 1.75/- per share. This is in addition to the interim dividend already paid at Rs. 2/- per share i.e. 20%. The board issued no bonus or right shares.

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Year Ended

Key Financials

2017

2016

% Change

 

Amounts in PKR ‘000

Net Sales

23,992,079

23,432,696

2.39%

CoGS

14,509,777

13,410,564

8.20%

Gross Profit

9,482,302

10,022,132

-5.39%

Dist: Cost

1,275,182

1,359,896

-6.23%

Amin Expenses

621,076

485,959

27.80%

Other Charges

536,369

659,631

-18.69%

Other Income

139,030

36,396

281.99%

Profit from Operations

7,188,705

7,553,042

-4.82%

Finance Cost

318,349

435,504

-26.90%

Profit before Taxation

6,870,356

7,117,538

-3.47%

Taxation

2,093,275

2,232,953

-6.26%

Profit after Taxation

4,777,081

4,884,585

-2.20%

EPS – Basic & Diluted

9.05

9.26

-2.27%

 

Company release on Earnings Report can be accessed here.

Posted on: 2017-09-13T15:37:00+05:00