Luck Cement profit falls 6.97% to Rs. 6.547 billion

MG News | January 26, 2018 at 12:52 PM GMT+05:00

0:00

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.

Comparison of Key Financials
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.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	169,864.53 309.70M	0.77% 1289.83
ALLSHR	102,725.13 871.92M	0.54% 553.85
KSE30	51,670.42 144.06M	0.97% 495.07
KMI30	244,230.82 127.19M	0.88% 2126.86
KMIALLSHR	67,141.83 400.81M	0.66% 438.06
BKTi	45,511.25 34.21M	0.74% 335.27
OGTi	33,787.05 15.45M	0.86% 288.90

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	90,330.00	0.00 0.00	-110.00 -0.12%
BRENT CRUDE	61.22	61.86 60.81	-0.06 -0.10%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	1.00 1.11%
ROTTERDAM COAL MONTHLY	97.30	97.30 97.30	0.90 0.93%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	57.53	0.00 0.00	0.09 0.16%
SUGAR #11 WORLD	15.10	15.27 14.83	0.25 1.68%