Lucky Cement Profit for 1QFY18 falls 6.79% to Rs. 3.01 billion

MG News | October 30, 2017 at 10:57 AM GMT+05:00

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Lucky Cement in its Earnings release for the quarter ended September 30^th 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 30^th 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.

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	80,710.00	81,350.00 78,710.00	1860.00 2.36%
BRENT CRUDE	91.63	92.90 91.15	-0.54 -0.59%
RICHARDS BAY COAL MONTHLY	110.30	0.00 0.00	-0.20 -0.18%
ROTTERDAM COAL MONTHLY	124.55	124.55 124.55	0.00 0.00%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	84.49	85.84 84.11	-0.52 -0.61%
SUGAR #11 WORLD	17.66	17.69 17.08	0.05 0.28%