Lucky Cement’s profit after tax rises to Rs43.52bn

By MG News | January 30, 2025 at 04:30 PM GMT+05:00

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January 30, 2025 (MLN): Lucky Cement Limited (PSX: LUCK) has reported a consolidated profit after tax of Rs43.52 billion for the half-year ended December 31, 2024, reflecting a 13.5% increase from Rs38.32bn in the same period last year.

The company's gross revenue surged to Rs279.4bn, up from Rs247.5bn in the previous year.

Despite a rise in cost of sales, which stood at Rs159.3bn, the gross profit grew to Rs65.1bn, compared to Rs63bn last year.

LUCK’s profit before tax stood at Rs54.43bn, marking a significant improvement from Rs47.51bn in the same period last year.

Earnings per share (EPS) climbed to Rs134.36, compared to Rs117.19 in December 2023.

The increase in earnings is attributed to higher sales volumes, better pricing, and strategic cost management.

The company continues to benefit from joint ventures and associate contributions, adding Rs9.18bn to its profits.

Consolidated Profit and Loss for the Year ended June 30, 2022 ('000 Rupees)
	24-Dec	23-Dec	%Change
Gross Revenue	279,367,165	247,475,040	12.89%
Less: Sales tax and excise duty	(47,385,546)	(34,057,599)	39.13%
Rebates, incentives and commission	(7,502,600)	(6,894,749)	8.82%
Net Revenue	224,479,019	206,522,692	8.69%
Cost of Sales	(159,361,249)	(143,460,968)	11.08%
Gross Profit	65,117,770	63,061,724	3.26%
Distribution Cost	(9,151,750)	(7,399,233)	23.69%
Administrative Expenses	(4,700,138)	(3,956,920)	18.78%
Finance Costs	(2,055,982)	(14,874,491)	-86.18%
Other Expenses	(2,387,475)	(2,326,648)	2.61%
Other Income	10,740,161	10,084,108	6.51%
Share of Profit - Joint Ventures and Associate	9,183,779	8,452,681	8.65%
Profit before Levy and Taxation	54,522,764	48,363,208	12.74%
Levy	(429,980)	(849,040)	-49.36%
Profit before Taxation	54,092,784	47,514,168	13.85%
Taxation	(10,572,044)	(9,190,337)	15.03%
Profit After Taxation	43,520,740	38,323,831	13.56%
Owners of the Holding Company	39,366,272	35,339,163	11.40%
Non-controlling Interest	4,154,468	2,984,668	39.19%
Total Profit After Taxation	43,520,740	38,323,831	13.56%
Earnings per share - Basic and Diluted (Rupees)	134	117.19	14.65%

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