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.