Earnings per share (EPS) jumped to Rs0.60 compared to an EPS of Rs0.50 in the corresponding period of previous year. corporate result: Maple Leaf Cement’s profit declines 19% to Rs1.17bThe report said the result in the second quarter of fiscal year 2018 was below its projected net profit of Rs1.08 billion (EPS Rs0.78) owing to a six-percentage-point deviation in gross margins mainly on account of delayed commencement of clinker production from line-II against expectations. Fauji Cement’s share closed at Rs25.65, down 3.1%. Net profit in the first six months (July to December 2017) touched Rs1.27 billion, down 2.3% compared with Rs1.30 billion in the same period of previous fiscal year. Lucky Cement’s profit dips 6%Key highlights of the second quarter were 6% year-on-year decrease in top line due to lower cement prices, despite a healthy growth in dispatches.

Source: The Express Tribune February 20, 2018 04:41 UTC