Maple Leaf FY17 net profit dips

Pakistan-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).