Cement News tagged under: Maple Leaf Cement
Pakistan's cement/clinker exports observe a mixed trend in 8MFY2217 March 2022, Published under Cement NewsPakistan's cement and clinker exports have observed a mixed trend in the first eight months of FY21-22. During a presentation, Mohsin Naqvi, group director finance of Maple Leaf Group – the parent company of Maple Leaf Cement Co (MLCF), has stated that the company is not foreseeing robust growth in export given higher sea freight charges. Hence, the negative trend was also reflected in cumulative export data. The Pakistan cement industry earned US$179.44m in export revenue by dispat... |
Pakistani cement producers earn a profit in 1HFY2211 March 2022, Published under Cement NewsThe major players in Pakistan’s cement industry have reported a profit during 1HFY22 in Pakistan. The Spectrum Research has attributed to an increase in the topline, a decrease in finance cost and an increase in other costs during this period, particularly in the 2QFY22. However, most of the companies did not announce any dividends. Industry dispatches in 1HFY22 According to Lucky Cement , the cement industry-wide local sales volume registered a growth of 1.9 per cent to reach 24.... |
Maple Leaf selects Descon for new clinker line31 May 2021, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCFL) has awarded the contract for the construction of its upcoming Line 4 to Descon Engineering Limited. The scope of work includes the civil works for the 7000tpd clinker production line at the existing Maple Leaf Cement Factory in Iskanderabad, Mianwali district, Pakistan. Chengdu Design & Research Institute of Building Materials Industry Co Ltd, China, was awarded the contract for the supply of equipment in March. Descon has a long-standing relati... |
Maple Leaf Cement sees 13% increase in sales28 April 2021, Published under Cement NewsPakistan’s Maple Leaf Cement has reported a 13 per cent rise in net sales to PKR26.1bn (US$168.29m) for the nine-month period ended 31 March 2021, up from PKR23.1bn in the year-ago period. Profit after tax also reached PKR5.52bn from a loss of PKR3.7bn in the 9MFY19-20. Clinker production declined 8.2 per cent YoY to 3.66Mt from 3.99Mt, while cement production slipped 7.6 per cent to 3.8Mt during the 9MFY20-21. Domestic sales were down 10.4 per cent to 3.55Mt from 3.97Mt, but exports sur... |
Maple Leaf Cement Factory awards a contract for Punjab brownfield project25 March 2021, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCFL) has signed a contract with plant supplier Chengdu Design & Research Institute of Building Materials Industry Co Ltd, China, for the supply of equipment and engineering for a 7000tpd dry-process grey clinker Line (No 4), through a brownfield expansion project in Punjab province, Pakistan. According to a communication to Pakistan Stock Exchange (PSX) by Company Secretary, Muhammad Ashraf, the agreement was reached on 22 March to enhance its clinker p... |
Mixed pattern in financial results visible in 9MFY2027 April 2020, Published under Cement NewsThree more Pakistani cement companies have announced their 9MFY19-20 financial results. Lucky Cement Ltd has reported a lower profit, while Maple Leaf Cement Factory Ltd (MLCF) and Bestway Cement Ltd have reported losses during this financial period. The obvious reason is attributed to increase in cost of sales alongside other unavoidable negative business factors. Lucky Cement Lucky Cement reported that with the current economic challenges due to COVID-19 and post relaxation lockdown in... |
Maple Leaf Cement restores its plant operations at Punjab in Pakistan08 April 2020, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCFL) has informed Pakistan Stock Exchange Ltd that it has resumed its production operations at its plant located at Iskanderabad, Dist Mianwali, in Punjab, on 7 April. This was possible due to the government's allowed relaxation of COVID-19 lockdown for the construction industry, said Company Secretary, Muhammad Ashraf, in the bourse filling. The plant had temporarily suspended its operations recently in the light of government instruction to control the ... |
Maple Leaf Cement posts loss despite increasing sales during 6MFY19-2026 February 2020, Published under Cement NewsPakistan-based Maple Leaf Cement Factory Ltd (MLCF) has announced its consolidated financial results for the half year ended 31 December 2019. It incurred a net loss of PKR1.76bn (US$11.41m) as compared to profit of PKR1.33bn earned in the same period last year. This shows YoY losses at 32.5 per cent. The major factors responsible for this fall were the increase in cost of sales and the huge finance cost. A local brokerage house while reviewing Maple Leaf financial results has pointed out ... |
Maple Leaf Cement elects eight directors unopposed02 January 2020, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCF) has informed Pakistan Stock Exchange (PSX) that its Board of Directors meeting held on 31 December 2019 and eight persons were elected unopposed as directors for the next term of three years commencing 31 December 2019. The new team comprises Tariq Sayeed Saigol, Taufique Sayeed Saigol, Waleed Tariq Saigol, Danial Taufique Saigol, Jahanara Saigol, Syed Mohsin Raza Naqvi, Shafiq Ahmed Khan and Zulfikar Monnoo. |
Maple Leaf Cement incurs losses in 1QFY1925 October 2019, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCF) of Pakistan has announced its consolidated financial results for the 1QFY19, ended 30 September 2019. It incurred a net loss of PKR982m (US$6.29m) compared to the profit of PKR586m earned in the same quarter last year, despite an increase in sales, which rose to PKR7.14bn from PKR5.65bn during the period. Increased finance costs, which expanded to PKR799m from PK224m over the period, was the main reason cited for the loss in profit. MLCF incurred a lo... |