Pakistan: Maple Leaf reports earning up 49% in 9MFY16

Pakistan: Maple Leaf reports earning up 49% in 9MFY16
Published: 27 April 2016


Maple Leaf Cement Factory Limited has reported earnings of PKR3.5bn (US$33m) in 9MFY16, up 49 per cent YoY.

Maple Leaf’s sales rose 12 per cent YoY to PKR16.93bn (US$162m) for 9MFY16. Distribution costs and administrative expenses were also up slightly, reaching PKR1.3bn (US$13m).

Earnings growth was driven by higher volumes, falling energy costs and a 52 per cent YoY decline in finance costs due to lower interest rates and deleveraging.