Cement News tagged under: Maple Leaf Cement
Expansion project of Maple Leaf Cement on the track15 October 2018, Published under Cement NewsMaple Leaf Cement Factory Ltd has updated the Pakistan Stock Exchange about progress on it expansion project. According to Company Secretary, Muhammad Ashraf, the company is undertaking an additional dry-process clinker line of 7300tpd. The brownfield expansion at the existing Iskandarbad plant raises grey cement capacity at the plant to 18,000tpd. Total project cost is estimated at PKR26bn (US$197m), including the impact of the recent devaluation of the local currency. Project cost is be... |
Maple Leaf Cement profit down 4%19 September 2018, Published under Cement NewsPakistan’s Maple Leaf Cement has reported a 4.2 per cent YoY fall in its profit after tax for the year ended 30 June 2018. Profit for the period came in at PKR4.572bn (US$37.1m) with earnings per share of PKR7.92. Sales for the year improved by 7.5 per cent to reach PKR25.684bn, compared to PKR23.885bn in the year-ago period. However, the cost of sales surged by 25 per cent YoY due to rising coal prices. Gross profit was down 21 per cent YoY, according to Reuters. The company declared an int... |
Pakistan has eight brownfield cement projects underway29 May 2018, Published under Cement NewsThe eight brownfield cement projects with a total capacity of 18.8Mta are at various stages of completion and scheduled to be commissioned between June 2019 and June 2020 at an estimated cost of over PKR159bn (US$1.37bn) in Pakistan, according to a research house report. So far, all the projects have completed, on average, at least 46 per cent of their construction. China-based Sinoma is currently building a 1.9Mta plant for Bestway Cement at a cost of PKR18.9bn and about 55 per cen... |
Maple Leaf Cement's new line on-stream in May 201919 April 2018, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCF) has informed Pakistan Stock Exchange (PSX) about the progress achieved on the implementation of the expansion of its Iskandarabad plant, which is estimated to come online mid-2019. The 7300tpd dry-process grey clinker line, a brownfield expansion at the company's existing site in Punjab, will take total grey cement capacity at the plant to 18,000tpd. The total project cost is estimated at PKR25bn (US$216m), which includes the impact of the recent dev... |
Maple Leaf Cement profit falls in 6MFY17-1816 February 2018, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCF) announced its half-year financial result for the period ended 31 December 2017 today. It reported earnings o f a profit after tax of PKR2.24bn (US$20.2m) compared to PKR2.62bn (US$23.6m) earned in corresponding period last year showing a fall of 14.50 per cent on YoY basis. According to financial result sent to Pakistan Stock Exchange (PSX), the company also announced an interim cash dividend of PKR1.50/share. Its net sales increased to PKR12.27bn d... |
Maple Leaf reports growth in 1QFY1826 October 2017, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCF) has reported that during 1QFY18 its profit after tax (PAT) stood at PKR1.05bn (US$9.9m), showing a growth of 47 per cent on QoQ basis. MLCF incurred selling and distribution expense of PKR266m and administrative expense of PKR150m during this quarter against PKR373m and PKR122m incurred respectively in 1QFY17. |
Maple Leaf FY17 net profit dips14 September 2017, Published under Cement NewsPakistan-based Maple Leaf Cement Factory Ltd (MLCF) reported a net profit of PKR4.77bn in FY17, a decline of two per cent on a YoY basis. Revenue was up by two per cent YoY to PKR24.0bn for FY17. Finance costs of the company declined by 27 per cent YoY to PKR318m during FY17. Along with the results the company also announced a final cash dividend of PKR1.75/share taking cumulative DPS to PKR3.75/share (compared to a DPS of PKR4.0 in FY16). |
Maple Leaf issues right share to finance expansion16 August 2017, Published under Cement NewsMaple Leaf Cement Factory Ltd will issue a right share to partially finance a 7300tpd clinker production line at Daud Khel in Iskanderabad, Mianwali, Pakistan. According to a statement to the Pakistan Stock Exchange, Maple Leaf's Board of Directors has recommended an issuance of 12.5 per cent right shares by offering 65,966,740 right shares to existing ordinary shareholders a price of PKR65/share (including a premium of PKR55/per share) in proportion of 12.50 right shares for every 100 ord... |
Mixed 1HFY17 results for Pakistani cement producers16 February 2017, Published under Cement NewsThe latest series of business results of Pakistani cement producers show a mixed performance during the first half of the 2017 financial year. DG Khan Cement Company DG Khan Cement Company Ltd (DGKC) has announced its 1HFY17 financial result. It reported a profit after tax (PAT) of PKR4.506bn (US$42.9m) during 1HFY17 against a PAT of PKR4.080bn during 1HFY16, up 10 per cent, YoY. In line with trends, DGKC did not declare any dividend along with its 1HFY17 results. The company's... |
Maple Leaf Cement to raise cement capacity20 January 2017, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCF) was in the news this week when FLSmidth announced it had secured an EPC contract for a new 7300tpd third line at Daud Khel in Iskanderabad, Mianwali, Pakistan, which will be completed before the end of 2018. The brownfield project is an expansion that is estimated to cost PKR20bn (US$190.8m) and will take grey cement capacity at the factory up to 18,000tpd, the equivalent of around 5.9Mta. Started in 1956, MLCF was established in northern Pakistan as ... |