Cement News tagged under: Maple Leaf Cement
Mixed 1HFY17 results for Pakistani cement producers16 February 2017, Published under Cement NewsThe latest series of business results of Pakistani cement producers show a mixed performance during the first half of the 2017 financial year. DG Khan Cement Company DG Khan Cement Company Ltd (DGKC) has announced its 1HFY17 financial result. It reported a profit after tax (PAT) of PKR4.506bn (US$42.9m) during 1HFY17 against a PAT of PKR4.080bn during 1HFY16, up 10 per cent, YoY. In line with trends, DGKC did not declare any dividend along with its 1HFY17 results. The company's... |
Maple Leaf Cement to raise cement capacity20 January 2017, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCF) was in the news this week when FLSmidth announced it had secured an EPC contract for a new 7300tpd third line at Daud Khel in Iskanderabad, Mianwali, Pakistan, which will be completed before the end of 2018. The brownfield project is an expansion that is estimated to cost PKR20bn (US$190.8m) and will take grey cement capacity at the factory up to 18,000tpd, the equivalent of around 5.9Mta. Started in 1956, MLCF was established in northern Pakistan as ... |
Pakistan: gas price reduction to benefit cement manufacturers28 November 2016, Published under Cement NewsThe Federal Minister for Finance, Senator Mohammed Ishaq Dar, approved a gas price reduction at a meeting of the Economic Coordination Committee (ECC). The decision will see prices fall from PKR600 to PKR400/mBTU. Lucky Cement, DG Khan Cement and Maple Leaf Cement, each of which operate captive gas-fired power facilities, are set to benefit from the decision with the impact on profitability estimated at 4.1 per cent, 1.6 per cent and 1.2 per cent, respectively. |
Pakistan: Maple Leaf and Thatta Cement 1QFY16/1726 October 2016, Published under Cement NewsPakistan's Maple Leaf Cement Factory earned profit after tax of PKR1.185bn (US$11.3m) in July- September 2016 compared to PKR846.72m in the corresponding period last year, representing a 40 per cent rise. The company's net sales increased to PKR5.52bn from PKR4.96bn in 1QFY15/16. It incurred higher distribution cost of PKR373m and administrative expenses of PKR124m from PKR303m and PKR112m during this comparative period. In addition, its financing cost fell to PKR52m from PKR185.9m of sam... |
Pakistan: Maple Leaf and Lucky Cement plan power plants24 October 2016, Published under Cement NewsPakistan's two leading cement manufacturers, Maple Leaf Cement Factory (MLCF) and Lucky Cement, have approached the National Electric Power Regulatory Authority (NEPRA) to obtain a formal generation licence for setting up power plants in the country. Maple Leaf Cement has earlier announced that its wholly-owned subsidiary company, Maple Leaf Power Ltd, had signed an agreement with plant supplier Sinoma Energy Conservation Ltd, China, to build a 40MW imported coal-fired power plant at Isk... |
Pakistan: Maple Leaf expansion plans14 September 2016, Published under Cement NewsMaple Leaf Cement Factory Ltd announced that its board of directors has approved an additional dry-process clinker production line (No. 3) at its existing plant site in Iskanderabad District, Mianwali, Pakistan. The new line will operate at a capacity of 7000tpd, pushing grey cement production at the plant to 17,700tpd. The project is expected to cost PKR20bn (US$191m) with aims to be completed within 26 months. This expansion announcement follows an earlier notification that the compan... |
Maple Leaf Cement 1QFY15-16 profit rises by 55%21 October 2015, Published under Cement NewsPakistan-based Maple Leaf Cement net profit surged 55 per cent to PKR846.729m (US$8.1m) in the quarter ended 30 September 2015 versus PKR545.319m a year earlier, the company said on Monday. Revenue increased by 11.5 per cent to PKR4.965bn for the period under review versus PKR4.453bn in 1QFY14-15. Earnings per share stood at PKR1.60, up from PKR1.03 in the same period of last year. Maple Leaf Cement operates a 3.37Mta integrated plant in Daudkhel, Punjab province. |
Maple Leaf FY15 profit boosted by higher dispatches10 September 2015, Published under Cement NewsPakistan producer Maple Leaf Cement boosted its FY15 profits by more than one-fifth to PKR3.5bn (US$33.55m), the company said in a filing to the Karachi Stock Exchange on Wednesday. Maple Leaf posted an after-tax profit of PKR3.5bn or PKR6.5/share in FY15. This translates to a 22 per cent increase compared with PKR2.8bn or PKR5.4/share in FY14. The earnings growth is attributed to higher dispatches and an expansion in margins which increased by 180 basis points, BMA Captial said in a report. |
Maple Leaf wins 'Best Corporate Report' award25 September 2014, Published under Cement NewsMaple Leaf Cement Factory Limited was declared the overall winner at the 13th Best Corporate and Sustainability Report (BCSR) Awards hosted by The Institute of Chartered Accountants of Pakistan (ICAP) and the Institute of Cost and Management Accountants of Pakistan (ICMAP). ICAP President, Yacoob Suttar, said corporate reporting has an important role to play in building trust with the stakeholders and the awards recognise excellence in corporate and sustainability reporting. Zia ul Mustafa... |
Maple Leaf signs rail transport agreement, Pakistan11 June 2014, Published under Cement NewsPakistan Railways has signed an agreement with local cement producer Maple Leaf to transport cement from Daud Khel to Karachi. Railways GM (Operations) Anjum Pervaiz and Maple Leaf representative Saeed Sehgal signed the agreement on Monday. Initially, the agreement has been signed for a period of three years. The freight trains utilised for carrying cement would bring coal on the way back from the port city and provide to different power plants in Punjab and Sindh, said a statement issue... |