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 30th 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.
