Lucky Cement posts Rs 9.61 billion net profit in nine months

Lucky Cement Limited reported net profit of Rs 9.61 billion for the nine months ended March 31, 2016 which is 3.3 percent higher than the same period last year. Consequently, the earnings per share (EPS) for the nine months increased to Rs 29.73 compared to Rs 28.77 reported during the same period last year. The company's net sales revenue increased to Rs 33.49 billion. The increase in net sales revenue was mainly attributable to increase in sales volumes.
The local sales volume of the company during the current nine months period registered a growth of 21.9 percent with 3.88 million tons compared to 3.18 million tons reported during the same period last year, whereas export sales volume registered a decline of 33.7 percent to 1.23 million tons compared to 1.85 million tons for the same period last year. On a consolidated basis, Lucky Cement reported net profit of Rs 11.03 billion for the nine months ended March 31, 2016 which is 7 percent higher compared to same period last year. Consequently, consolidated EPS during the nine months period increased to Rs 34.11 compared to Rs 31.84 reported during the same period last year.-PR