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
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.
| 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.
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