Maple Leaf Cement profit falls 9% to Rs. 1 billion
By MG News | October 24, 2017 at 02:32 PM GMT+05:00
- 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.
| 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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