Luck Cement profit falls 6.97% to Rs. 6.547 billion
By MG News | January 26, 2018 at 12:52 PM GMT+05:00
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.
| 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.
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