Maple Leaf profits 2.2 Times Despite Higher Coal Prices

Maple Leaf profits 2.2 Times Despite Higher Coal Prices

Maple Leaf profits 2.2 times despite higher coal prices

Maple Leaf Cement Factory Limited (MLCF) profitability increased 2.2times in the first quarter of fiscal year 2023 despite higher coal prices and less sales, the company said in a filing.

First UDL Modaraba Fully Merged with UDLI

Company share price gains 73 paisa or 2.63% after the announcement to trade at PKR 28.40.

The company posted a profit of PKR 1,210 million in the first quarter of fiscal year 2023, compared to a profit of PKR 562 million in the same quarter last year. The company’s revenue reached PKR 12,827 million compared to the same period last year of PKR 9,895 million.

Shipping Prices Have Decreased By More Than 50 Percent This Year

In the first three months of the current fiscal year, the country’s total cement shipments (domestic and export) amounted to 9.613 million tons, down 25.04 percent from the 12.825 million tons shipped in the same period last fiscal year, according to data published by the Cement Manufacturers Association. Pakistani.

Maple Leaf profits 2.2 times despite higher coal prices