Lucky Cement's profits drop by 24% due to higher outflows

Sep-18

Sep-17

% Change

Gross sales

                     31,315,454

                     28,683,436

9.2%

Sales tax and excise duty

                     (5,242,966)

                     (4,962,359)

5.7%

Rebates and commission

                     (1,227,866)

                     (1,138,222)

7.9%

                     (6,470,832)

                     (6,100,581)

6.1%

Net sales

                     24,844,622

                     22,582,855

10.0%

Cost of Sales

                  (19,256,664)

                  (16,493,943)

16.7%

Gross Profit

                       5,587,958

                       6,088,912

-8.2%

Distribution cost

                     (1,383,702)

                     (1,012,094)

36.7%

Administrative expenses

                        (755,830)

                        (621,023)

21.7%

Finance cost

                        (357,213)

                        (165,097)

116.4%

Other expenses

                        (341,773)

                        (398,719)

-14.3%

Other income

                       1,152,742

                       1,223,738

-5.8%

Profit before taxation

                       3,902,182

                       5,115,717

-23.7%

Taxation

                 -Current

                     (1,063,608)

                     (1,261,929)

-15.7%

                 -Deferred

                           323,216

                           313,943

3.0%

                        (740,392)

                        (947,987)

-21.9%

Profit after taxation

                       3,161,790

                       4,167,730

-24.1%

Earnings per share - Basic and Diluted (Rupees)

                                  9.10

                               11.90

-23.5%