Maple Leaf Cement Factory Limited (MLCF) released its financial results for the fiscal year ending June 30, 2023 on Monday.
Maple Leaf Cement Factory Limited its financial results
According to the consolidated financial statistics, the company had a profit after tax (PAT) of Rs. 5.77 billion in FY23, a 26.7 percent increase over the previous year’s PAT of Rs. 4.55 billion.
According to Arif Habib Limited, this is the company’s highest-ever PAT for the time under consideration. For the period under consideration, MLCF did not declare any dividend payments to shareholders.
Maple Leaf Cement posted the highest-ever profit during FY23 to PKR 5.8bn (+27% YoY).@Pakstockexgltd #KSE100 #PSX #MLCF #Equities #Pakistan pic.twitter.com/AyMMZwnhHH
— Arif Habib Limited (@ArifHabibLtd) September 7, 2023
The company’s sales in FY23 were Rs. 62 billion, a 28 percent increase over the Rs. 48.5 billion reported in SPLY. Gross margins were 28.3 percent, up from 27.2 percent last year.
Finance costs increased by 43.5 percent during FY23 to Rs. 2.38 billion.
During the review period, distribution costs increased by 34.8 percent to Rs. 2 billion, while net impairment loss on financial assets reduced by 8.8 percent, from Rs. 209.9 million to Rs. 191.4 million.
The company’s other income increased 144.6 percent to Rs. 147.3 million, compared to Rs. 60.2 million in SPLY. In FY22, MLCF paid Rs. 4.92 billion in taxes, up from Rs. 3.58 billion in FY21.
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