LAKKI MARWAT: Lucky Cement Limited has reported net profit of Rs3.24 billion for the first quarter ended September 30, which is 9.1% higher than the same period of last year.
Consequently, the earnings per share (EPS) for the quarter increased to Rs10.01 compared to Rs9.18 reported during the same period last year. According to a press release, the company’s net sales revenue increased by 2.3% to Rs 10.57 billion compared to Rs 10.33 billion reported during the same period last year.
The increase in net sales revenue was mainly attributable to increase in sales volume. The local sales volume of the company during the first quarter registered a growth of 25.4% to 1.34 million tons compared to 1.07 million tons reported same period last year, whereas export sales volume registered a decline of 27.2% to 0.36 million tons compared to 0.49 million tons for the same period last year. On a consolidated basis, Lucky Cement reported net profit of Rs 3.78 billion for the first quarter ended September 30, which is 14.6% higher compared to the same period last year.
Consequently, consolidated EPS during the first quarter increased to Rs 11.69 compared to Rs 10.20 reported during the same period last year. Lucky Cement also reported progress on its key foreign and local projects i.e., fully integrated cement manufacturing plant in the Democratic Republic of Congo, fully integrated green field cement manufacturing plant in Punjab, brown field expansion (installation of new production line) at Karachi plant, 1X660MW, supercritical, coal based power project at Port Qasim and 10MW WHR plant (Kiln) at Pezu Plant.
