Lucky Cement in its Earnings release for the quarter ended September 30th reported Gross Sales of Rs. 15.69 billion up by 11.72% from same quarter last year
Cost of sales for the quarter made a 35.94% jump owing to the increase in production costs
Distribution costs and other expenses were significantly reduced during the period by 24.64% and 28.9% respectively
Bottom line profits for the period decreased by 6.93% during the reported period, totaling at Rs. 3.01 billion rupees
Earnings per share for the period reached 9.33 rupees down by 6.79% from last year’s 10.01 rupees per share
Dividend declared reached a total cash dividend of Rs. 5/- share at the rate of 50%
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Quarter Ended, September 30th 2017
Key Financials
2017
2016
% Change
Amounts in PKR ‘000
Gross Sales
15,695,183
14,048,994
11.72%
Net Sales
11,203,781
10,566,815
6.03%
Cost of Sales
7,090,537
5,216,062
35.94%
Gross Profit
4,113,244
5,350,753
-23.13%
Distribution Cost
369,351
490,115
-24.64%
Administrative expenses
281,268
247,007
13.87%
Other expenses
294,255
413,863
-28.90%
Other income
532,396
451,345
17.96%
Profit before Taxation
3,700,766
4,651,113
-20.43%
Taxation
683,483
1,413,953
-51.66%
Profit after Taxation
3,017,283
3,237,160
-6.79%
Total Comprehensive Income for the period
3,012,935
3,237,160
-6.93%
EPS – Basic and diluted
9.33
10.01
-6.79%
Company release on Earnings Report can be accessed here.
