Lucky Cement reports Rs. 12.43 billion profit for the financial year ended June 30th, 2015
8th September 2015, Karachi Lucky Cement Limited continued to lead the cement industry in terms of volumes and reported net profit of Rs. 12.43 billion for the year ended June 30th, 2015 which is 9.6% higher compared to last year. Consequently, the earnings per share (EPS) for the year increased to Rs. 38.44 compared to Rs. 35.08 reported last year. The Company has also declared the final dividend of Rs. 9/- per share for the financial year ended June 30, 2015.
The Company’s net sales revenue improved by 3.9% to Rs.44.76 billion compared to Rs. 43.08 billion reported last year. The increase in net sales revenue was attributable to 2.7% increase in volume and 1.2% increase in net retention.
The local sales volume of the Company during the year registered a growth of 7% with 4.42 million tons compared to 4.13 million tons reported last year, whereas export sales volume registered a decline of 4.5% with 2.37 million tons compared to 2.48 million tons reported last year.
On a consolidated basis, Lucky Cement reported net profit of Rs. 13.76 billion for the year ended June 30th, 2015 which is 15.68% higher compared to last year. Consequently, consolidated EPS for the year increased to Rs. 42.54 compared to 36.78 reported last year.
Lucky Cement also reported progress on its key foreign and local projects i.e., fully integrated cement manufacturing plant in the Democratic Republic of Congo, 1 X 660 MW, supercritical, coal based power project, 50 MW Wind Farm, electricity supply to PESCO and WHR at PEZU power plant.
Lucky Cement continues to align its business operations with corporate social responsibility roadmap through various support projects for significant improvements in the areas of health, education and environment.