Luck Cement profit falls 6.97% to Rs. 6.547 billion

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.

Posted on: 2018-01-26T12:52:00+05:00