AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, The Board of Directors of MAPLE LEAF CEMENT FACTORY LIMITED has approved a re-classification of Rs. 26 billion from the company’s revenue reserves to a separate capital reserve. This move is part of the company’s ongoing expansion and diversification strategy, which has utilized the general reserve to the extent that they are not available for distribution as dividends.
The reclassified funds will now reflect as capital reserve against capacity expansion, long-term investments, and a buy-back of shares, thereby not available for distribution by way of dividend.
According to information available from the Pakistan Stock Exchange (PSX), this strategic financial restructuring aims to more accurately reflect the nature of these reserves.