Maple Leaf FY15 profit boosted by higher dispatches

Pakistan producer Maple Leaf Cement boosted its FY15 profits by more than one-fifth to PKR3.5bn (US$33.55m), the company said in a filing to the Karachi Stock Exchange on Wednesday.

Maple Leaf posted an after-tax profit of PKR3.5bn or PKR6.5/share in FY15. This translates to a 22 per cent increase compared with PKR2.8bn or PKR5.4/share in FY14. The earnings growth is attributed to higher dispatches and an expansion in margins which increased by 180 basis points, BMA Captial said in a report.