Maple Leaf Cement Factory Ltd (MLCF) announced its financial results for thye 9MFY24-25 through the Pakistan Stock Exchange (PSX), reporting consolidated earnings of PKR7.9bn (US$28m), highlighting an advance of 46 per cent YoY. On a quarterly basis, the earnings in the 3QFY24-25 clocked in at PKR2.8bn, showing a surge of 86 per cent YoY but down by 25 per cent QoQ.
Result highlights by AHL Research indicate that the MLCF’s 9MFY24-25 net sales remained flat at PKR 51.4bn, representing one per cent YoY growth. During the 3QFY24-25, revenue increased by four per cent YoY to PKR16.6bn compared to PKR16bn in the 3QFY23-24. The improvement was driven primarily by higher retention prices and a six per cent YoY growth in volumes. However, sales fell 13 per cent QoQ amid a drop in local prices.
Gross margins improved significantly to 35.9 per cent in the 9MFY24-25 (up from 32.3 per cent last year), aided by better fuel mix and improved retention prices. Selling and distribution expenses decreased by 23 per cent YoY in the 9MFY24-25, settling at PKR3.2bn. Meanwhile, selling and distribution expenses during the 3QFY24-25 were down 41 per cent YoY, 26 per cent QoQ.
by Abdul Rab Siddiqi, Pakistan.
