Maple Leaf Cement to post PKR2.6 billion profit for 1HFY23

Factory Limited (MLCF) is expected to announce 2QFY23 result shortly. Analysts expect the unconsolidated EPS for the quarter to clock in at PKR1.38. On the topline front, revenue is expected to settle at PKR15 billion, mainly due to increased offtakes during the outgoing quarter, up 29%QoQ) as against 1QFY23 as torrential floods and demand destruction bore its effects during the period. Analysts expect the gross margins to clock in at 29%, as the company continues to show prowess in efficient coal inventory management alongside the ability to successfully utilize local coal (70% of coal mix) and pet coke in its fuel mix, significantly higher compared to peers. This is further aided by the commissioning of the newer Line-4 during November 2022. Overall, company is expected to post profit after tax of PKR2.6 billion (EPS: PKR 2.5) for 1HFY23, up 12%YoY.

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