Cement News tagged under: Maple Leaf Cement Factory
Pakistan: Maple Leaf reports earning up 49% in 9MFY1627 April 2016, Published under Cement NewsMaple 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. |
Pakistan: Maple Leaf secures funding for power plant23 February 2016, Published under Cement NewsA consortium of Pakistan banks has opened a letter of credit to Maple Leaf Cement Ltd's (MLCF) via its wholly-owned subsidiary Maple Leaf Power Ltd amounting to US$27.20m for the import of a complete 40MW coal-fired power plant. The consortium consists of the Bank of Punjab, National Bank of Pakistan and MCB Bank Ltd. Maple Leaf Power has signed an agreement with Sinoma Energy Conservation Ltd (China) to set up the coal-fired power plant at MLCF's cement plant site in Iskandarabad, Mia... |
Maple Leaf Cement Factory on course for higher FY13 profit27 November 2012, Published under Cement NewsPakistan cement producer Maple Leaf Cement Factory, is on course to record its most highest profit in six years on the back of higher cement prices and lower interest rates to reduce loan payments. According to reports by Businessweek, earnings per share may rise to about PKR3 in the year ending June 2013, according to Waleed Tariq Saigol, a member of the company’s board of directors. EPS in the previous 12 months was PKR0.84. Maple Leaf plans to reduce its debt to PKR13bn (US$135m) in... |
Maple Leaf Cement expects to record highest net profit in six years20 November 2012, Published under Cement NewsPakistani cement producer Maple Leaf Cement Factory Ltd (MLCF) is expected to be on track to record its highest net profit in six years on improved price realisation and lower interest rates reducing loan payments. Rising prices are helping local cement makers to deal with sluggish sales. In the four months ended 31 October, national sales were 1.5% down to 13.4Mt, according to the All Pakistan Cement Manufacturers’ Association. The average price of a 50kg bag could increase to PKR440 by ... |