Lucky Cement today released half year and quarterly financial results for period ending December, 2017. The cement giant reported a jump of mere 5% in Gross Sales clocking in at 23.582 billion against 31.242 billion last year.
Despite a more than 46% decrease decline in company expenses, the bottom line numbers dropped from previous year’s tally. Lucky Cement half year profits totaled Rs. 6.547 billion against Rs. 7.037 billion last year; a fall of 7%.
Company declared an earnings per share of Rupee 20.25 vs. 21.76 Rupees for the same period last year.
|
Unconsolidated Profit and Loss Account – For the period Ended, December 2017 |
|||
|---|---|---|---|
|
Key Financials |
2017 |
2016 |
% Change |
|
Amounts in PKR ‘000 |
|||
|
Gross Sales |
32,852,077 |
7,460,182 |
340.37% |
|
Net Sales |
23,253,828 |
23,441,674 |
-0.80% |
|
Cost of Sales |
14,368,087 |
11,775,513 |
22.02% |
|
Gross Profit |
8,885,741 |
11,666,161 |
-23.83% |
|
Distribution Cost |
813,183 |
1,037,958 |
-21.66% |
|
Admin Expenses |
556,503 |
514,055 |
8.26% |
|
Other Expenses |
616,749 |
1,156,569 |
-46.67% |
|
Other income |
1,195,338 |
948,857 |
25.98% |
|
Profit before Taxation |
8,094,644 |
9,906,436 |
-18.29% |
|
Taxation |
1,547,511 |
2,869,020 |
-46.06% |
|
Profit after Taxation |
6,547,133 |
7,037,416 |
-6.97% |
|
EPS – Basic and diluted |
20.25 |
21.76 |
-6.94% |
Company release on Earnings Report can be accessed here.
