Lucky Cement Limited continued to lead the cement industry with a significant rise during the last nine months of year 2014-15. The Company recorded net profit for the nine months ended 31st March 2015 of Rs 9.30 billion which is 13.7 percent higher than the net profit of the corresponding period last year.
The earnings per share (EPS) for the period increased to Rs 28.77 against Rs 25.31 for the corresponding period last year. The Company's gross profit increased by 7.2 percent during the nine months as its net sales revenue improved by 5.38 percent to Rs 33.15 billion against Rs 31.45 billion for the corresponding period last year. The increase in net sales revenue was contributed by 4.03 percent increase in volume and 1.35 percent increase in net retention.
The local sales volume for the Company during the nine months registered a growth of 6.85 percent with 3.18 million tons compared to 2.97 million tons of same period last year, whereas export sales volume registered a decline of 0.48 percent with 1.85 million tons as compared to 1.86 million tons for the same period last year.
Lucky Cement also reported successful completion of Installation of Vertical Grinding Mills and Waste Heat Recovery (WHR) Plant at its Karachi Plant and also reported progress on other key foreign investments and local projects ie, fully integrated cement manufacturing plant in the Democratic Republic of Congo, grinding unit in Iraq, 1 X 660 MW, supercritical, coal based power project, 50 MW wind Farm, electricity supply to PESCO and WHR Plant at PEZU.-PR
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