Maple Leaf Cement to Record Highest Net Profit in Six Years
This article is for subscribers only.
Maple Leaf Cement Factory Ltd., the Pakistani building-material maker with the most debt, may record the highest profit in six years as prices rise and lower interest rates reduce loan payments.
Earnings per share may rise to about 3 rupees in the year ending June 2013, Waleed Tariq Saigol, a member on the company’s board of directors, said in an interview in Lahore yesterday. The company’s EPS in the previous 12 months was 0.84 rupee. Maple, whose shares have risen sevenfold this year, reported an EPS of 3.38 rupees a share in the year ended June 2006.