Maple Leaf Cement Factory Limited (MLCF): MLCF expected to post 1QFY20 LPS of PKR 0.77 – By IIS Research
<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Maple Leaf Cement Factory Limited’s (MLCF) Board of
Directors is scheduled to meet today to announce 1QFY20 result. We expect the
company to post unconsolidated loss of PKR 456mn (LPS: PKR 0.77) compared to
EPS of PKR 0.58 in the SPLY. This decline in earnings is due to lower gross
margin, significant increase in finance cost and higher freight cost due to
axle load regulations. We expect company’s topline to grow 20.7% YoY due to
significant increase in cement dispatches. Gross margin is expected to remain
on the lower side as we expect gross margin of only 9% due to lower retention
price and increase in input costs. We expect company’s finance cost to almost
double compared to SPLY owing to increase in borrowings and higher intere...
