KARACHI: The, Lucky Cement Limited has posted Rs12 billion in fiscal year 2014-15 with the 19% market share.
According to a notice sent to the Karachi Stock Exchange (KSE), the country’s largest cement-maker reported an after-tax profit of Rs12.43 billion or Rs38.4 per share for the year ended June 30, 2015, up 9.6% compared to Rs11.3 billion or Rs35.08 per share last year. The results were accompanied by a dividend of Rs9 per share for the year.
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Following the result, the company’s stock appreciated by Rs17.20 or 3.4% to settle at Rs525.36 per share at the close of business on Tuesday with 527,100 shares changing hands.
Revenues improved by 3.9% to Rs44.8 billion compared to Rs43 billion in the previous year. The increase in net sales was attributable mainly to the increase in volumes, the company said in a press release.
Local sales registered a growth of 7% with 4.42 million tons compared to 4.13 million tons reported last year, whereas export sales showed a decline of 4.5% at 2.37 million tons compared to 2.48 million tons reported last year, the press release said.
