12% dip in Pakistan’s Maple Leaf Cement 2013-14 earnings

Pakistan's Maple Leaf Cement reported a 12% fall in net profit to PKR 2.80 billion (€21.11 million/US$27.28 million) in the 2013-14 financial year. While revenue rose 9% to PKR 18.9 billion with retention prices growing 11%, gross margins slid 1 percentage point to 34%. Pretax profit was actually still up 14% to PKR 3.6 billion, but the company incurred a 17% alternate corporate tax. Positively, finance costs dropped 14% to PKR 3.6 billion.
September 23, 2014 Read time: 1 min

Pakistan's Maple Leaf Cement reported a 12% fall in net profit to PKR 2.80 billion (€21.11 million/US$27.28 million) in the 2013-14 financial year.

While revenue rose 9% to PKR 18.9 billion with retention prices growing 11%, gross margins slid 1 percentage point to 34%. Pretax profit was actually still up 14% to PKR 3.6 billion, but the company incurred a 17% alternate corporate tax. Positively, finance costs dropped 14% to PKR 3.6 billion.

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