Saturday , July 20 2019
Breaking News
Home / Business / Lucky Cement earns Rs2.67b, Attock Petroleum records 86% growth
Lucky Cement earns Rs2.67b, Attock Petroleum records 86% growth

Lucky Cement earns Rs2.67b, Attock Petroleum records 86% growth

KARACHI: Lucky Cement Company Limited (LUCK) registered profit after tax at Rs2.67 billion, representing earning per share at Rs8.25 for first quarter FY15.

The earnings were 5pc higher compared to Rs2.5bn and EPS at Rs7.87 in corresponding quarter last year. In 1QFY15, the company registered growth of 12pc YoY in its top-line mainly on account of 9.2pc YoY increase in total dispatches to 1,607,000 tonnes and 10pc improvement in average retention prices. Other operating income of the company rose by a hefty 50pc YoY to Rs332m due mainly to higher income from electricity sale to PESCO and dividend income from associate companies.

Meanwhile, Attock Petroleum Limited registered earnings of Rs1.26bn, translating into earnings per share at Rs15.17 for 1Q FY15, lower by 6pc YoY as compared to Rs1.34bn and eps at Rs 16.17 reported during 1Q FY14.

On a QoQ basis, the company reported growth in earnings of 86pc as compared to Rs677m recorded during 4Q FY14.

The company reported revenues of Rs55.4bn during 1Q FY15, higher by 17pc from Rs47.31bn reported during 1Q FY14. Increase in revenues was thought to be mainly due to higher volumetric sales, which increased from 0.48 million tonnes during 1Q FY14 to 0.55m tonnes recorded during 1Q FY15.