Lucky Cement today released half year and quarterly financial results for period ending December, 2017. The cement giant reported a jump of mere 5% in Gross Sales clocking in at 23.582 billion against 31.242 billion last year.
Despite a more than 46% decrease decline in company expenses, the bottom line numbers dropped from previous year’s tally. Lucky Cement half year profits totaled Rs. 6.547 billion against Rs. 7.037 billion last year; a fall of 7%.
Company declared an earnings per share of Rupee 20.25 vs. 21.76 Rupees for the same period last year.
Unconsolidated Profit and Loss Account – For the period Ended, December 2017 | |||
|---|---|---|---|
Key Financials | 2017 | 2016 | % Change |
Amounts in PKR ‘000 | |||
Gross Sales | 32,852,077 | 7,460,182 | 340.37% |
Net Sales | 23,253,828 | 23,441,674 | -0.80% |
Cost of Sales | 14,368,087 | 11,775,513 | 22.02% |
Gross Profit | 8,885,741 | 11,666,161 | -23.83% |
Distribution Cost | 813,183 | 1,037,958 | -21.66% |
Admin Expenses | 556,503 | 514,055 | 8.26% |
Other Expenses | 616,749 | 1,156,569 | -46.67% |
Other income | 1,195,338 | 948,857 | 25.98% |
Profit before Taxation | 8,094,644 | 9,906,436 | -18.29% |
Taxation | 1,547,511 | 2,869,020 | -46.06% |
Profit after Taxation | 6,547,133 | 7,037,416 | -6.97% |
EPS – Basic and diluted | 20.25 | 21.76 | -6.94% |
Company release on Earnings Report can be accessed here.
