Maple Leaf Cement profit falls 9% to Rs. 1 billion

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By MG News | October 24, 2017 at 02:32 PM GMT+05:00

0:00
  • Company’s Net Sales for the period increased by 5%, amounting to a total of 5.8 billion Rupees for the period ended September, 2017
  • Company’s Other income rose more than 234% during the period under review
  • The Profit after tax for the period took a fall by 9% reaching 1 billion vs previous year’s profit of 1.1 billion Rupees.
  • The company’s earnings per share reached 2.03 rupees vs 2.25 in the previous year.
Comparison of Key Financials

Unconsolidated Profit and Loss Account - For the Quarter Ended, September 30th 2017

Key Financials

2017

2016

% Change
 

Amounts in PKR ‘000

Net Sales

5,800,494

5,526,506

4.96%

Cost of Goods Sold

3,648,944

3,175,237

14.92%

Gross Profit

2,151,550

2,351,269

-8.49%

Distribution Cost

266,150

373,481

-28.74%

Administrative Expenses

152,812

124,409

22.83%

Other Charges

124,193

149,266

-16.80%

Other Income

16,806

5,021

234.71%

Profit from Operations

1,625,201

1,709,134

-4.91%

Finance Cost

144,076

52,669

173.55%

Profit before Taxation

1,481,125

1,656,465

-10.59%

Taxation

407,703

471,277

-13.49%

Profit after Taxation

1,079,422

1,185,188

-8.92%

EPS  - Basic & diluted

2.03

2.25

-9.78%

Company release on Earnings Report can be accessed here.

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