Cement News tagged under: Maple Leaf Cement
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... |
Maple Leaf Cement first-half revenues rise25 February 2014, Published under Cement NewsMaple Leaf Cement announced profit after tax of PKR1.48bn (US$14m) in the first half of FY14, representing a 10 per cent YoY rise on the same period of the previous year. Revenues increased by eight per cent YoY to PKR8.84bn due to an increase in cement prices which rose by 11 per cent during the period. Cost of sales were also eight per cent higher and, consequently, the company’s gross margins stayed flat at 34 per cent in 1HFY14. |
Saigol appointed chairman of Maple Leaf Cement06 January 2014, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCFL) has appointed Tariq Saeed Saigol as chairman of the company for a term of three years. Company secretary Muhammad Ashraf on Friday announced that MLCFL's board of directors confirmed the appointment, effective 1 January 2014. |
Maple Leaf full-year profit boosted by higher cement prices26 September 2013, Published under Cement NewsMaple Leaf has reported a over a six-fold rise in annual net profit for FY13 driven in part by higher cement prices and lower coal costs. According to a notice sent by the company to the Karachi Stock Exchange, for the 12 months ended 30 June 2013, the company posted a profit of PKR3.23bn compared to PKR496m in the previous fiscal – a staggering increment of 550 per cent. Sales rose by 12.3 per cent to PKR17.36bn thanks to higher domestic prices and better export volumes. Rising cem... |
Pakistan cement producers post first quarter profit19 October 2012, Published under Cement NewsTwo leading Pakistan cement manufacturers have reported a rise in first quarter FY13 profit. Maple Leaf Cement Factory Limited posted PKR384.409m profit in the quarter ended September 30, 2012 as compared to after tax loss of PKR228.279m in the same period last year. According to the financial results sent to Karachi Stock Exchange, the company's net sales increased to PKR3.807bn in this quarter against PKR3.356bn in the same quarter last year while cost of sales stood at PKR2.680bn aga... |