Cement News tagged under: Maple Leaf Cement
Maple Leaf Cement is advancing to acquire a fertiliser plant in Pakistan11 November 2024, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCF) updated the Pakistan Stock Exchange (PSX) on 7 November about the hostile takeover of a fertiliser plant in Pakistan. A piece of material information from the company adds, “We would like to inform that Next Capital Limited (Manager to the Offer) has submitted a Public Announcement of Offer (PAO-CB) on behalf of Maple Leaf Cement Factory on 6 November 2024 to acquire 37.86 per cent shares (ie 160,762,209 shares) of Agritech Ltd by Maple Leaf Cement F... |
Maple Leaf Cement exhibits fall in profit during 1QFY2525 October 2024, Published under Cement NewsMaple Leaf Cement announced its financial results for 1QFY24-25 on the Pakistan Stock Exchange (PSX) website on 24 October. It recorded consolidated earnings of PKR1.34bn (US$4.82m), compared to PKR1.626bn YoY, a 17.28 per cent fall. The initial impression from the result shows that lesser sales coupled with higher distribution and other expenses put pressure on net profit. Net revenue decreased to PKR15.7bn in 1QFY25 from PKR16.67bn in the last fiscal year, primarily due to lower domesti... |
Pakistan producers expect mixed results in 1QFY24-2517 October 2024, Published under Cement NewsPakistan Stock Exchange (PSX) listed cement firms have yet to start posting their financial results for 1QFY24-25. However, Topline Pakistan Research believes that its Cement Universe (comprising Lucky Cement, Kohat Cement, DG Khan Cement , Maple Leaf Cement and Fauji Cement Co Ltd – the country's top five cement producers) is expected to post profitability of PKR13.3bn in the first quarter of FY24-25 against a profit of PKRs12.9bn in the 4QFY23-24, up by three per cent QoQ, mainly ... |
Royalty issue on cement raw materials in Punjab landed in court19 August 2024, Published under Cement NewsAccording to Topline Research, Punjab-based cement manufacturers have obtained a stay order from the court against the imposition of six per cent of ex-factory cement/clinker price as royalty on limestone and argillaceous clay in a major development. However, the analyst remarked that this stay is subject to bank guarantees to be furnished by manufacturers. To avoid any unfavourable decision in the future, the Punjab manufacturers are increasing cement prices by up to INR75/bag (US$0.89/bag... |
Pakistan companies start posting financial results on PSX12 August 2024, Published under Cement NewsTop cement companies in Pakistan will begin releasing their financial results for the last quarter (April-June 2024) on the Pakistan Stock Exchange (PSX) website. The Topline Cement Universe, which includes Lucky Cement , Kohat Cement , Fauji Cement , DG Khan , and Maple Leaf Cement, is expected to post profitability of PKR12.5bn (US$44.9m) in the 4QFY23-24 against a profit of PKR11.1bn in the 3QFY23-24, up by 13 per cent QoQ due to higher average retention prices. This will take FY23-... |
Maple Leaf Cement is diversifying into the Pakistan fertiliser business02 August 2024, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCF) has entered the lucrative Pakistani fertiliser business. According to the company’s notification to the Pakistan Stock Exchange (PSX) on 29 July, MLCF plans to enter the sector through the acquisition of additional shares and control of Agritech Ltd (AGL), a fertiliser plant located north of Mianwali City in Punjab that produces and sells urea and granulated Single Superphosphate. According to IMS Research, it is important to note that MLCF, along with... |
Maple Leaf Cement reclassifies PKR26bn investment plan18 June 2024, Published under Cement NewsMaple Leaf Cement Factory Ltd informed the Pakistan Stock Exchange (PSX) on 12 June that it had reclassified its PKR26bn (US$93.3m) capital expenditure plan. In addition, the Board of Directors of Maple Leaf Cement approved that for years the company has continued its expansion and diversification strategy and has made significant investments that have enhanced shareholder enterprise value. It continue to add that the board noted that because of these reasons, the general reserve of the... |
Maple Leaf Cement Factory's profit falls 13% in 9MFY23-2429 April 2024, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCF) announced its financial result for the 9MFY23-24 on the Pakistan Stock Exchange website on 25 April, posting a profit after tax (PAT) of PKR5.374bn (US$19.26m) compared to a PAT of PKR6.185bn in the same period of the previous year, down by 13 per cent YoY. Earnings per share (EPS) declined to PKR5.01 in the 9MFY23-24 from PKR5.76 in the year-ago period. The result highlights from AHL Research said that the topline in the 9MFY23-24 arrived at PKR50.... |
Maple Leaf Cement has bought shares in a fertiliser company04 April 2024, Published under Cement NewsMaple Leaf Cement Factory Ltd has acquired and settled 6m voting shares of M/s Agritech Ltd (formerly Pak-American Fertilizers Ltd), the first nitrogenous fertiliser plant built in Pakistan. “Under the above acquisition, Maple Leaf Cement Factory Ltd plus Maple Leaf Capital Ltd (person acting in concert) now hold 44,670,000 voting shares of the target company, ie 11.38 per cent aggregate shareholding (taken together with voting shares already held by MLCL) in the target company’s share ... |
Maple Leaf Cement Factory diversifies into hospitals12 March 2024, Published under Cement NewsMaple Leaf Cement Factory Ltd informed the Pakistan Stock Exchange (PSX) about its investment in the hospital business on 10 March. The bourse filing said that Novacare Hospitals (Pvt) Ltd, a wholly-owned subsidiary of the company, will start constructing a state-of-the-art hospital in Islamabad and has signed an international affiliation agreement with Imperial College Healthcare NHS Trust, a leading UK teaching hospital group. The total investment in the project will be US$110m, and the ... |