Pakistan’s leading cement manufacturer, Maple Leaf Cement Factory, has announced its 9MFY18 results. The company’s net profit fell 14.7 per cent YoY, to PKR3.37bn (US$29.13m) from PKR3.95bn.

Net sales increased 5.9 per cent to PKR19.3bn during the period, mainly due to 20.2 per cent quantitative growth in local sales. Local dispatches rose 20.1 per cent to 2.642Mt (9MFY17: 2.199Mt), while export sales volumes declined 38.7 per cent to 221,185t.

No dividend was announced by the company, according to the financial results sent to the Pakistan Stock Exchange.