Maple Leaf Cement Factory Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on April 23, 2020.

The agenda of the meeting was discussion of consolidated and unconsolidated profit and loss account for quarter ended March 31, 2020 which portrayed a loss of Rs. 960,095 and Rs. 1,281,398 with loss per share 0.87 and 1.17 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

The announcement is available at:

https://dps.psx.com.pk/download/document/146476.pdf

Maple Leaf Cement Factory Limited was incorporated in Pakistan on April 13, 1960 as a public company limited. The foundations of the company are laid under the Companies Ordinance, 1984 by shares. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchange of Pakistan. The principal activity of the company is production and sale of cement. It is a subsidiary of Kohinoor Textile Mills Limited. The registered office of the company is located at Lahore. The cement factory is located at District Mianwali in the province of Punjab.

The products of Maple Leaf Cement factory are Ordinary Portland Cement with a capacity of 11,700 tons per day and White Cement with a present capacity of 500 tons per day. The company has developed a niche market for specialized cement such as sulphate resistant cement, low alkali cement and oil well cement. It is the only local cement manufacturer producing oil well cement. The symbol "MLCF" is being used by the stock exchanges for the shares of Maple Leaf Cement Factory Limited.

© Pakistan Press International, source Asianet-Pakistan