Maple Leaf Cement Factory, is on course to record its most highest profit in six years on the back of higher cement prices and lower interest rates to reduce loan payments. Media reports says that earnings per share may rise to about PKR3 in the year ending June 2013.
Maple Leaf plans to reduce its debt to PKR 13 bn ($135m) in the year ending June, from the PKR 16 bn it owes to banks for expansion since 2005, the company said. Lower interest rates have helped reduce financial charges after the Pakistan central bank reduced borrowing costs for a second meeting last month.
Maple Leaf Cement Factory is a Pakistan-based cement producer.