Lahore April 20 2022: Maple Leaf Cement Limited Board of Director has recommended towards purchase or buy back upto a maximum of 25 million issued ordinary shares of the company at the spot price or current price, according to company filling to the exchange.
The share price of the company falls PKR 2.31 or 6.1 percent to PKR 35.65 per share in today’s trading session at Pakistan Stock Exchange.
Company reported profitability of PKR 4.3 billion during first nine months of fiscal year 2022 when compared with profitability of PKR 2.8 billion in the same period last year.
Maple Leaf Cement Factory Limited was incorporated in Pakistan on 13 April 1960 under the Companies Act, 1913 (now the Companies Ordinance, 1984) as a public company limited by shares. The principal activity of the Company is production and sale of cement. The Company is a subsidiary of Kohinoor Textile Mills Limited (“the Holding Company”).
