Cement News tagged under: Maple Leaf Cement
Maple Leaf Cement Factory saw a fall in profit in 1HFY23-2423 February 2024, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCF) reported its 2QFY23-24 (October-December 2023) and 1HFY2023-24 results to the Pakistan Stock Exchange (PSX), posting net earnings of PKR2.24bn (US$) in 2QFY23-24, down 23 per cent YoY and up 38 per cent QoQ. This takes 1HFY23-24 (July-December 2023) earnings to PKR3.86bn compared to PKR4.30bn, down 10 per cent YoY due to a decline in sales volumes. According to Topline Pakistan Research, the 2QFY23-24 result exceeded industry expectations due to high... |
Maple Leaf Cement to move into hospital sector21 November 2023, Published under Cement NewsPakistan’s Maple Leaf Cement (MLCF) is investing PKR800-900m (US$2.77-3.12m) in a new solar power plant. The plant is expected to have a production capacity of 7.5MW. The company has also announced plans to diversify into the health business with the construction of a hospital. According to the company, the margins would be better than those seen in the cement business. The hospital project is expected to take three years to complete and represents an investment of PKR30bn. Although loc... |
Maple Leaf Cement profits increase to PKR1.62bn in 1QFY23-2430 October 2023, Published under Cement NewsPakistan cement producer Maple Leaf Cement Factory Ltd ( Kohinoor Textile Mills Ltd ) announced its financial results for the first quarter ended 30 September 2023, on the Pakistan Stock Exchange (PSX) website. Its net profit after taxation rose to PKR1.62bn (US$5.84m) from PKR1.37bn during this comparative period due to higher revenue. Its net sales increased to PKR16.67bn in the 1QFY23-24 from PKR12.82bn in the year-ago period. It incurred a higher distribution cost of PKR1.15bn ag... |
Maple Leaf Cement FY22-23 profit increases by 24%08 September 2023, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCF), subsidiary of Kohinoor Textile Mills , announced its financial results for FY22-23 on 6 September 2023. The company posted earnings of PKR4.49bn (US$14.65m) from PKR3.62bn during this period, up 23.9 per cent YoY. The improved profit was supported by higher sales, better retention prices and other income. According to MLCF filing to the Pakistan Stock Exchange (PSX), its net sales increased by 28 per cent to PKR62.07bn YoY. MLCF incurred a distribu... |
Cement players expect demand in FY24 to remain stable16 June 2023, Published under Cement NewsTopline Securities hosted the Pakistan Cement Conference 2023, where top executives of major cement players Maple Leaf Cement (MLCF), Lucky Cement (LUCK), DG Khan Cement (DGKC), Cherat Cement (CHCC), Kohat Cement (KOHC) and Pioneer Cement (PIOC) participated in the conference through Zoom recently. They ruled out unanimous fears of a price war, stating that it would be unwise to start a price war due to economic conditions and slow demand. However, they believed that major ... |
Pakistan manufacturers post strong 1HFY22-23 financial results27 February 2023, Published under Cement NewsAccording to the Pakistan Stock exchange (PSX), Pioneer Cement Ltd (PIOC) earned a profit of PKR1.76bn (US$6.81m) in 1HFY22-23 compared to PKR1.14bn made in the previous year’s corresponding period. This reflects a growth of 54.1 per cent YoY. PIOC's gross sales increased by 19.4 per cent to PKR25.08bn in 1HFY22-23 from PKR21bn during the same period last year. It incurred distribution expenses of PKR61m against PKR52m in the previous financial period. The administrative costs rose to P... |
APCMA elects new executive committee23 November 2022, Published under Cement NewsMuhammad Ali Tabba, chief executive of Lucky Cement , has been appointed chairman of the All Pakistan Cement Manufacturers Association (APCMA) for the 12 months ending September 2023. Senior vice chairman of the APCMA over the same period has been named as Kohat Cement ’s Aizaz Mansoor Sheikh, while Attock Cement ’s Babar Bashir Nawaz has been elected vice chairman. Also elected were eight executive committee members, including: Sayeed Tariq Saigol ( Maple Leaf Cement ) Azam Fa... |
Maple Leaf Cement begins Line 4 production09 November 2022, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCF) has informed Pakistan Stock Exchange (PSX) that an additional dry process clinker production line of 7000tpd grey clinker, a brownfield expansion at the company’s existing site in Iskanderabad , Punjab, successfully started production on 3 November 2022, according to a bourse filing of Company Secretary Muhammad Ashraf. MLCF had signed a contract with Chengdu Design & Research Institute, China, to supply a 7000tpd grey clinker line in March last ye... |
Maple Leaf Cement reports 18.9% growth in profit during FY202202 September 2022, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCF) has informed Pakistan Stock Exchange (PSX) that the company declared its financial results for FY21-22 (July 2021-June 2022), whereby earnings arrived at PKR4.55bn (US$20.5m) against PKR3.82bn last year, up by 19 per cent. Whereas during 4QFY21-22 (April-June 2022), the company posted a profit after tax of PKR232m compared to PKR980m in the same period last year, depicting a decline of 76 per cent YoY mainly on account of imposition of super ta... |
Margins affected by 10% super tax08 August 2022, Published under Cement NewsPakistan cement companies listed on the Pakistan Stock Exchange (PSX) are scheduled to announce their financial results for FY21-22 in August-September. The cement industry has fingers crossed to see their top line, which is likely to be impacted by the government's imposition of a one-time surcharge on the previous year's income. The Inter Market Securities Ltd estimated that higher tax and interest would chop earnings of the top seven companies. IMS Cement Universe's (comprising Lucky ... |