Lucky Cement (LUCK) today announced financial results for the nine months period ending 31 March, 2018 reporting Sales at Rs. 50.626 billion; up 7.05 percent from same period last year. Furthermore, the company’s Gross Profit fell to Rs. 13.092 billion from Rs. 16.951 billion last year during the outgoing nine months.
On the expenses front, LUCK reported 3.65 percent decrease in Distribution Cost, 6.01 percent increase in Administrative Expenses, whereas, Other Expenses incurred by the company went down by 37.45 percent during the period.
Furthermore, LUCK also reported a 39.33 percent increase in Other Income reaching Rs. 2.034 billion during the nine months.
Lucky Cement Limited reported profit after taxation at Rs. 9.802 billion against Rs. 10.421 billion during the same period last year translating into an EPS of Rs. 30.31 vs. an EPS of Rs. 32.23 during the nine months ending March, 2017.
Unconsolidated Profit and Loss Account – For the Nine Months Ended, March 30th 2018 |
|||
---|---|---|---|
Key Financials |
March, 2018 |
March, 2017 |
% Change |
Amounts in PKR’ 000 |
|||
Gross Sales |
50,626,090 |
47,291,416 |
7.05% |
Less: Sales Tax and Federal Excise Duty |
12,240,681 |
11,523,809 |
6.22% |
Rebates and Commission |
714,820 |
526,476 |
35.77% |
Net Sales |
35,670,589 |
35,241,131 |
1.22% |
Cost of Sales |
22,578,034 |
18,289,927 |
23.45% |
Gross Profit |
13,092,555 |
16,951,204 |
-22.76% |
Distribution Cost |
1,348,647 |
1,399,721 |
-3.65% |
Administrative Expenses |
813,960 |
767,791 |
6.01% |
Other Expenses |
985,349 |
1,575,331 |
-37.45% |
Other Income |
2,034,900 |
1,460,442 |
39.33% |
Profit before Taxation |
11,979,499 |
14,668,803 |
-18.33% |
Taxation |
2,177,813 |
4,246,963 |
-48.72% |
Profit after Taxation |
9,801,686 |
10,421,840 |
-5.95% |
Total Comprehensive Income for the Period |
9,802,032 |
10,421,840 |
-5.95% |
EPS – Basic and diluted |
30.31 |
32.23 |
-5.96% |
Company release on Earnings Report can be accessed here.