Profit after tax of Lucky Cement declines

The profit after tax of Lucky Cement Limited has declined to Rs 1.460 billion in the half year period ended December 31, 2010 as compared to Rs 1.907 billion earned in the corresponding period in 2009. The board of directors of the company in its meeting held here on Monday declared that the company's earning per share (basic and diluted) has declined to Rs 4.52 in the period under review against Rs 5.90 in the same period a year back.
According to the financial results, sent to Karachi Stock Exchange (KSE), the company's gross sales increased to Rs 14.407 billion in the half year period in 2010 against Rs 14.126 billion in the same period in 2009. The company paid Rs 2.286 billion as sales tax and excise duty in this period against Rs 1.836 billion in the same account in the same period a year back.
The company paid Rs 92.971 million as rebate and commission in this period against Rs 173.970 million paid in the same account in the same period a year back. The company's cost of sales increased to Rs 8.060 billion in the half-year period in 2010 against Rs 7.591 billion in the same period in 2009. The company's profit before taxation declined to Rs 1.580 billion in the half year period in 2010 against Rs 2.179 billion earned in the same period in 2009. Rs 1.46bn