Maple Leaf Cement - Growth but no payout

Maple Leaf Cement Factory Limited (PSX: MLCF) - Annual Financial Results as of June 30, 2024

For the year ending June 2024, MLCF earned a net income of Rs. 5 per share. No dividend was declared.

Revenue registered a 7% increase.
Gross profit increased by 28%.
Profit before tax decreased by 3%.
Profit after tax increased by 17%.

Financial charges saw a significant rise, increasing by 50%. The tax rate for the year remained at 41%, compared to 51% last year.

In the last quarter (Q4 Jun 2024), MLCF earned a net income of Rs. 0.9 per share. The profit after tax in the last quarter increased by 5% over the average of the last four quarters.

MLCF is currently trading at a price-to-earnings ratio of 6.8. The company has a 0.66% exposure in the KSE100 Index, 0.94% in the KSE30 Index, and 1.35% in the KMI30 Index.

MLCF holds 7.5% stake in Next Capital and 7.5% stake in Pioneer Cement (PSX:PIOC), classifying these as short-term investments.

Kohinoor Textile Mills (PSX:KTML) is the holding company of MLCF, owning 56.5% of its shares.

https://dps.psx.com.pk/download/document/236626.pdf