Corporate Alert: Lucky Cement declares a DPS of 12/- per share, reports an EPS of 42.34 for the period ended June 30, 2017

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By MG News | July 31, 2017 at 04:00 PM GMT+05:00

0:00

Lucky Cement announced Financial Results for the period ended June 30, 2017.

The company's Gross Sales for the period increased by 10 percent in the outgoing quarter, whereas the Profit after Taxation for the Period increased by 6 percent.

The board has recommended a cash dividend of Rs12/- per share i.e. 120%, no bonus shares or right shares for the period.

Comparison of Key Financials

Financial Results - For the Period

Key Financials

June, 30 2017

June 30, 2016

% Change

Gross Sales

61,601,934

55,923,115

10%

Less: Sales tax and federal excise duty

15,227,058

10,086,623

51%

Rebates and commission

687,833

701,455

-2%

Net Sales

45,687,043

45,135,037

1%

Cost of Sales

24,388,760

23,389,268

4%

Gross Profit

21,298,283

21,745,769

-2%

Distribution Cost

1,703,785

2,018,376

-16%

Administrative Expenses

1,021,694

1,107,527

-8%

Other Expenses

1,788,023

1,640,105

9%

Other Income

1,993,472

1,420,461

40%

Profit before Taxation

18,778,253

18,440,222

2%

Taxation - Total

5,086,004

5,456,037

-7%

Current

5,032,196

5,015,844

0%

Deferred

53,808

440,193

-88%

Profit after Taxation

13,692,249

12,944,185

6%

Other Comprehensive Income

Other Comprehensive Income which will not be reclassified to profit and loss account in subsequent periods

Gain on re-measurements of post retirement benefit obligation

9,488

40,508

-77%

Deferred tax thereon

2,354

10,250

-77%

Other Comprehensive Income/(loss) which may be reclassified to profit and loss account in subsequent periods

Unrealized loss on re-measurement of available for sale investment

(4,106)

-

Deferred tax thereon

616

-

Total comprehensive income of the year

13,695,893

12,974,443

6%

Earnings per share - basic and diluted

42.34

40

6%

Amounts in PKR ‘000

The complete statements can be accessed here.

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