Lucky Cement profits fall by 5.95 percent to Rs. 9.801 billion

MG News | April 26, 2018 at 04:49 PM GMT+05:00

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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.

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Nine Months Ended, March 30^th 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.

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