Page 16 - Maple Leaf Cement News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Maple Leaf Cement sees 13% increase in sales 28 April 2021 Pakistan’s Maple Leaf Cement has reported a 13 per cent rise in net sales to PKR26.1bn (US$168.29m) for the nine-month period ended 31 March 2021, up from PKR23.1bn in the year-ago period. Profit after tax also reached PKR5.52bn from a loss of PKR3.7bn in the 9MFY19-20. Clinker production declined 8.2 per cent YoY to 3.66Mt from 3.99Mt, while cement production slipped 7.6 per cent to 3.8Mt during the 9MFY20-21. Domestic sales were down 10.4 per cent to 3.55Mt from 3.97Mt, but exports surged 38.7 per cent YoY to 243,...

Stocks muted as lockdown noise grows louder Business April 22, 2021 Stocks muted on Wednesday as lockdown noise grew louder given the Covid rampage, even eclipsing some lustrous corporate results, dealers said. Pakistan Stock Exchange’s (PSX) KSE-100 Shares Index lost 0.21 percent or 93.24 points to close at 45,306.54 points. Volumes ticked up to 387.908 million shares from 343.28 million on Tuesday. A A H Soomro at KASB Securities said market remained flattish-to-red as index kept oscillating in a narrow band in the earnings week as investors weighed the strong possibility of further tar...

KSE-100: Covid fears weigh down index by 93 points April 22, 2021 Investors treaded cautiously at Pakistan Stock Exchange (PSX) on Wednesday, as overall lack of positive triggers, and rising Covid fears restrained the index and resulted in range-bound trading. On Wednesday, the benchmark KSE-100 opened on a bullish note and touched intra-day high at 45,626.88 level after gaining 227.1 points. However, paring early gains the index reversed its trajectory and clocked at 45,306.54 level by the closing bell after posting a 93 points loss. During the session the market was gripped with fears of ri...

Business April 22, 2021 KARACHI: Maple Leaf Cement (MLCF) has announced a net profit of Rs1.22 billion, translating into earning per share (EPS) of Rs1.11 for the quarter ended March 31, 2021 as compared with the loss of Rs960.09 million in the corresponding period last year. “The earnings came above expectations primarily due to higher other income presumed to be in the form of dividend from its subsidiary Maple Leaf Power Ltd,” an analyst at Sherman Securities said. Company’s sales revenues for the quarter under review clocked in at Rs9.47 billion, up 37.2 percent from Rs6.91 billion...

Market watch: KSE-100 posts modest gains in choppy trade Benchmark index advances 90.47 points to settle at 44,857.06 PHOTO: AFP KARACHI: The stock market extended gains on Tuesday as the benchmark KSE-100 index posted a modest rise, finishing its third successive session in the green. Trading remained choppy for the entire day where the index rose to intra-day high of 144 points. Investors welcomed the growth in large-scale manufacturing sector, which grew 7.9% in the first seven months of current fiscal year. Moreover, expectations about the monetary policy announcement by the State Bank o...