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

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 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.

Posted on: 2018-04-26T16:49:00+05:00