Maple Leaf Cement Factory announced Financial Results for the period ended June 30, 2017.
The company’s Net Sales for the period increased by 4 percent in the outgoing year, whereas the Profit after Taxation for the Period decreased by 2.20 percent.
The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 17.50% i.e. Rs 1.75/- per share. This is in addition to the interim dividend already paid at Rs. 2/- per share i.e. 20%. The board issued no bonus or right shares.
Comparison of Key Financials
|
Unconsolidated Profit and Loss Account – For the Year Ended |
|||
|
Key Financials |
2017 |
2016 |
% Change |
|
Amounts in PKR ‘000 |
|||
|
Net Sales |
23,992,079 |
23,432,696 |
2.39% |
|
CoGS |
14,509,777 |
13,410,564 |
8.20% |
|
Gross Profit |
9,482,302 |
10,022,132 |
-5.39% |
|
Dist: Cost |
1,275,182 |
1,359,896 |
-6.23% |
|
Amin Expenses |
621,076 |
485,959 |
27.80% |
|
Other Charges |
536,369 |
659,631 |
-18.69% |
|
Other Income |
139,030 |
36,396 |
281.99% |
|
Profit from Operations |
7,188,705 |
7,553,042 |
-4.82% |
|
Finance Cost |
318,349 |
435,504 |
-26.90% |
|
Profit before Taxation |
6,870,356 |
7,117,538 |
-3.47% |
|
Taxation |
2,093,275 |
2,232,953 |
-6.26% |
|
Profit after Taxation |
4,777,081 |
4,884,585 |
-2.20% |
|
EPS – Basic & Diluted |
9.05 |
9.26 |
-2.27% |
Company release on Earnings Report can be accessed here.
