KARACHI: Lucky Cement Limited continued to lead the cement industry in terms of sales volumes and reported net profit of Rs 9.61 billion for the nine months, which is 3.3 percent higher than the same period last year.
Consequently, the earnings per share (EPS) for the nine months increased to Rs 29.73 compared to Rs. 28.77 reported during the same period last year, a statement of the company said on Monday.
It said that the company’s net sales revenue increased by 1.0% to Rs 33.49 billion compared to Rs 33.15 billion reported during the same period last year. The increase in net sales revenue was mainly attributable to increase in sales volumes.
The local sales volume of the company during the current nine months period registered a growth of 21.9 percent with 3.88 million tonnes compared to 3.18 million tonnes reported during the same period last year, whereas export sales volume registered a decline of 33.7 percent to 1.23 million tonnes compared to 1.85 million tonnes for the same period last year. On a consolidated basis, Lucky Cement reported net profit of Rs 11.03 billion for the nine months, which is 7.1 percent higher compared to same period last year. Consequently, consolidated EPS during the nine months period increased to Rs 34.11 compared to Rs 31.84 reported during the same period last year.
The statement pointed out that the Lucky Cement also reported progress on its key foreign and local projects – fully integrated cement manufacturing plant in the Democratic Republic of Congo, Cement Plant investment in Punjab, 660MW, supercritical coal-based power project, 50MW Wind Farm, 10MW WHR plant at Pezu Plant and electricity supply to PESCO.
Under the ambit of corporate social responsibility, Lucky Cement continued to take significant initiatives in the areas of health, education and environment and recently collaborated with Pakistan Welfare Association for Blind (PWAB) and donated school books for sight impaired children for their upcoming semester, the statement added.