Maple Leaf Cement Factory profits fall by 14.73 percent to Rs. 3.370 billion

MG News | April 25, 2018 at 09:56 AM GMT+05:00

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Maple Leaf Cement Factory Limited (MLCF) today announced financial results for the nine months period ending 31 March, 2018 reporting Sales at Rs. 19.302 billion; an increase of 5.90 percent. Furthermore, the company’s Gross Profit fell to Rs. 6.806 from Rs. 7.556 billion last year during the outgoing nine months.

On the expenses front, MLCF reported 4.21 percent decrease in Distribution Costs, 15.19 percent increase in Administrative Expenses, whereas, other charges incurred by the company went marginally up by 0.11 percent during the period.

Furthermore, MLCF also reported a 27.55 decrease in Other Income reaching Rs. 54.828 million during the nine months.

Maple Leaf Cement Factory reported profit after taxation at Rs. 3.370 billion against Rs. 3.952 billion during the same period last year translating into an EPS of Rs. 6.01 vs. an EPS of Rs. 7.49 during the nine months ending March, 2017.

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Nine Months Ended, March 30^th 2018
Key Financials	March, 2018	March, 2017	% Change
	Amounts in PKR’ 000
Sales-Net	19,302,366	18,226,759	5.90%
Cost of Goods Sold	12,495,632	10,670,230	17.11%
Gross Profit	6,806,734	7,556,529	-9.92%
Distribution Costs	922,693	963,269	-4.21%
Administrative Expenses	516,418	448,317	15.19%
Other Charges	427,709	427,251	0.11%
Other Income	54,828	75,681	-27.55%
Profit from Operations	4,994,742	5,793,373	-13.79%
Finance Costs	593,007	196,283	202.12%
Profit before Taxation	4,401,735	5,597,090	-21.36%
Taxation	1,031,724	1,644,793	-37.27%
Profit after Taxation	3,370,011	3,952,297	-14.73%
EPS - Basic and diluted	6.01	7.49	-19.76%

Company release on Earnings Report can be accessed here.

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