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

By MG News | Category Equity | September 13, 2017 at 03:37 PM GMT+05:00

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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.

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