Earnings Report /
Pakistan

Maple Leaf Cement: 4QFY21 Review: Decent earnings despite higher cost pressure

  • MLCF has posted 4QFY21 unconsolidated NPAT of PKR733mn (EPS: PKR0.67), largely in line with our expectation

  • Revenue has increased by 38% yoy to PKR9.54bn, on account of higher retention prices - amid elevated local retail prices

  • Gross margins have risen by 25ppt yoy to 22% in 4QFY21, but missed our expectation of 24.5%.

Intermarket Securities
13 August 2021