Maple Leaf Cement Factory Limited (MLCF): 2QFY20 LPS came at PKR1.0 – Above expectations – By Insight Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">MLCF has announced its 2QFY20 results where the company has posted unconsolidated loss after tax of PKR 1.1b ( Fully diluted LPS: PKR1.0) vs. profit of 458mn (EPS: PKR0.4) in SPLY. The result is above from our expectations, mainly due to better than expected margins.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Revenues increased by 35% on account of higher dispatches (additional sales from new plant), while COGS increased by 22% (due to increased depreciation charge and inflationary pressures on manufacturing cost). Thus gross margins clocked in at 1.6% vs. 24% in SPLY, while slight improvement was witnessed on QoQ basis.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">...