Pakistan: Higher volumetric sales and lower coal prices helped Maple Leaf Cement beat market expectations as the company boosted its profits by 22% to US$33.6m during its 2015 financial year that ended on 30 June 2015.
Maple Leaf Cement's revenue grew by 9.2% year-on-year to US$199m. The growth in earnings was due to higher dispatches and expansion in margins. Monetary easing and deleveraging helped ease Maple Leaf Cement's finance cost, which was US$9.59m, down by 26% from US$14.4m in its 2014 financial year. The company has announced a plan to invest US$47.9m in Maple Leaf Power Limited to set up a 40MW coal-fired power plant.