Maple Leaf Cement reports 1H15 results

Pakistan’s Maple Leaf Cement has reported its results for the July – December 2014 period (1H15), which showed an improvement in profit at Rs.1.93 billion. This was partly due to higher demand as well as improving prices and lower coal costs. However, high taxes took their toll, bringing down the actual earnings per share.

Sales volumes grew 7% to 1.3 million t, compared to 1.2 million t in the same period of the previous year. Cement prices rose by about 2%, while financial costs fell 25%. On the negative side, distribution costs rose to Rs.639 million from Rs.477 million and administrative expenses were up Rs.40 million at Rs.180 million.

Edited from various sources by Katherine Guenioui

Sources:

• Dawn
• The Express Tribune
• Business Recorder

Read the article online at: https://www.worldcement.com/asia-pacific-rim/28012015/maple-leaf-cement-reports-1h15-results-223/