Cement News tagged under: Maple Leaf Cement
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... |
Profitability of top six Pakistan producers remains under pressure in 1QFY2021 October 2019, Published under Cement NewsThe top six cement producers in Pakistan are likely to report a fall in profits and losses in 1QFY20 on the back of significantly build-up in cost pressures, weak domestic demand, infighting among northern-based producers, local taxation issue and axle load factors, says a report of a local research houses. Analyst expects that the IMS Cement Universe (comprising Lucky Cement, Maple Cement, Kohat Cement, DG Khan Cement, Fauji Cement and Cherat Cement) to post combined net loss after tax o... |
Maple Leaf Cement profit falls by 60% in FY1920 September 2019, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCF) of Pakistan announced its financial results for FY18-19 today. It declared earning a net profit of PKR1.465bn (US$9.3m) (unconsolidated) as compared to PKR3.632bn earned in the same period last year. It shows profit dropped by 59.7 per cent, despite on a good development, when the company sales stood at PKR26bn, compared to PKR25.69bn in the same period last year. In a notification to Pakistan Stock Exchange (PSX), MLCF announced a final cash dividend ... |
Maple Leaf Cement wins corporate report award23 August 2019, Published under Cement NewsMaple Leaf Cement (MCL) and its sister concern Kohinoor Textile Mills of Pakistan have won the 'Best Corporate Report Award' for the year 2018 in their respective sectors. The ceremony was held in Karachi jointly hosted by ICAP and ICMAP, earlier this week. Maple Leaf Cement and Kohinoor Textile Mills both won the award for 2018 in their respective sectors at number one position. Transparent and meaningfully financial reporting for all stakeholders of the company is one of the key objectiv... |
Maple Leaf Cement set to begin production at new 7300tpd line17 April 2019, Published under Cement NewsPakistan’s Maple Leaf Cement has announced that it expects to start commercial production of clinker from its new 7300tpd line in Iskandarabad, Punjab province, next week. "After successful phase-wise commissioning test of installed equipment, the plant is in a trial run state," the company stated in a filing to the stock exchange. "Commercial production from new line of 7300tpd is expected to commence next week." The brownfield expansion is forecast to take total production at the plant ... |
Challenges to grow in 2019 for Pakistan cement sector02 January 2019, Published under Cement NewsPakistan's cement industry is likely to face a number of challenges in 2019 on the domestic front owing to a flatness in demand, high markup rates, price competition and currency depreciation, etc. According to the 'Investment Strategy 2019' report released by Spectrum Securities Ltd, after tremendous sales growth (13.8 per cent YoY) in cement dispatches during FY18, demand is expected to remain flattish in FY19 mainly due to higher base of FY18, reduction in allocation of the Public Sect... |