Saturday , July 20 2019
Breaking News
Home / Uncategorized / Lucky Cement earnings up by 8.54% to Rs5.60b in July-Dec from Rs5.16b
Lucky Cement earnings up by 8.54% to Rs5.60b in July-Dec from Rs5.16b

Lucky Cement earnings up by 8.54% to Rs5.60b in July-Dec from Rs5.16b

KARACHI – Among approximately 45 listed companies, Lucky Cement Limited announced profit-after-tax (PAT) at Rs5.60 billion for the half year ended Dec 31, 2014 (on a standalone basis), a growth of 8.54 per cent over the PAT at Rs5.16bn in the corresponding period of the previous year.

The earnings per share (eps) worked out at Rs17.32 against an eps of Rs15.96 YoY. Net sales revenue rose by 9.37pc to Rs21.41bn against Rs19.57bn. The local sales volume registered a growth of 9.20pc to 2.02 million tonnes as compared to 1.85m tonnes in the same period last year, while export sales volume grew around 2pc to 1.23m tonnes as compared to 1.21m tonnes YoY.

The combined sales revenue during the period increased by 9.37pc which was mainly contributed by increase in volumes. It reported progress on its investments and ongoing projects including the fully integrated cement manufacturing plant in Congo; the grinding unit in Iraq; a 660MW, supercritical, coal-based power project; the Waste Heat Recovery (WHR) plants at Captive power plants; the vertical grinding mills at Karachi plant and 50MW wind farm.