Karachi: Maple Leaf Cement Factory Ltd. has reported a significant increase in its consolidated assets for the fiscal year ending June 30, 2024, according to its corporate briefing. The total assets rose to Rs. 100,343.99 million, marking an increase from Rs. 89,585.28 million recorded the previous year.

The company's non-current assets saw a notable rise to Rs. 72,969.11 million from Rs. 66,829.54 million. The primary contributors to this growth were the property, plant, and equipment which increased to Rs. 72,786.44 million from Rs. 66,746.11 million, and intangible assets which rose significantly to Rs. 84.81 million from Rs. 6.95 million. Long-term loans to employees also saw a rise to Rs. 31.23 million from Rs. 18.09 million, along with an increase in long-term deposits to Rs. 66.64 million from Rs. 58.40 million.

Current assets of Maple Leaf Cement Factory Ltd. increased to Rs. 27,374.88 million from Rs. 22,755.74 million. Stores, spare parts, and loose tools experienced growth, reaching Rs. 12,836.41 million from Rs. 10,462.36 million. However, the stock-in-trade decreased to Rs. 3,176.69 million from Rs. 3,814.16 million. Trade debts rose to Rs. 4,188.75 million compared to Rs. 2,600.99 million in the prior year. Short-term investments also saw an uptick, increasing to Rs. 4,231.46 million from Rs. 3,698.56 million.

According to information available from the Pakistan Stock Exchange (PSX), the company’s financial position has been bolstered by increased short-term deposits and prepayments, which grew to Rs. 998.35 million from Rs. 497.93 million. Cash and bank balances also increased to Rs. 1,279.42 million from Rs. 750.25 million. Despite these increases, loans and advances decreased to Rs. 513.92 million from Rs. 900.46 million.

Overall, Maple Leaf Cement Factory Ltd. has demonstrated financial resilience and growth, with total assets reflecting a balanced increase in both non-current and current assets over the fiscal period.