Lucky Cement registered 52 percent growth in its net profit during the first nine months of current financial year on the back of high sales and export. Company’ s net profit increased to Rs 3.072 billion during the period under review against Rs 2.014 billion in the same period of previous year, financial results of the company sent to Karachi Stock Exchange (KSE) indicated on Monday. Earnings per share (eps) rose to Rs 9.50 in July-March of 2008-09 from Rs 7.65 per share in the corresponding period of last year. Profit before tax also jumped to Rs 3.488 billion compared to Rs 1.629 billion in the previous year. During the nine months under review, company achieved a significant growth of Rs 61 percent in net sales revenue as compared to same period of previous year. The ratio of sales revenue from exports was 58.8 percent whereas the local sales accounted fro 41.2 percent in this period. The overall sales volume of the company stood at 4.154 million tons during the period under revie...

Lucky Cement has announced its results for the first half of fiscal year 2008-09 (1HFY09). The company has booked profits of Rs1.9 billion with Earning Per Share (EPS) of Rs5.99 versus Rs1.4 billion profit with EPS of Rs4.17 in the same period of pervious year, a considerable growth of 44 per cent. Gross profit increased by a handsome 152 per cent to Rs4.9 billion versus Rs1.9 billion in 1HFY08. Moreover, gross profit margins of the company in 1HFY09 went up to 39 per cent from 27 per cent last year, due to better cement prices in the local market as well as high rupee-based export sales amid rupee depreciation. In 1HFY09 the company’s distribution and administrative expenses took a significant jump to Rs1,184 million from Rs464 million in 1HFY08 - up by 155 per cent. Owing to foreign exchange losses, the company’s other charges rose by 264 per cent to Rs662 million. In 1HFY09, local cement dispatches of the company fell by 19 per cent to 1.2 million tons while exports continued with t...