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.