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.
