Lucky Cement Limited sponsored by well known "Yunus Brothers Group - one of the largest textile export house of Pakistan" is presently a 5,000 Tons per day, dry process Cement Plant, located in Pezu, Distt. Lakki Marwat , NWFP. In order to supply uninterruptible power, the Company has also established a 42.84 MWH Power Plant consisting of Wartsila Finland Engines, along with the Cement Plant.
FOUR EXPANSION PROJECTS IN PEZU & KARACHI:
The company is installing two expansion projects at its existing Site in Bannu Division. Works are in full swing. It is hoped that the new projects will be in full production much before December, 2005. In addition to this, the Company has also decided to enhance the capacity of its existing production lines by modifications and additions in raw material grinding, pyro process and other allied equipment's.
With a strategy to capture southern markets as well as to grab the export potential, the company is installing two green field plants at Karachi on Super Highway. All the new plants in Pezu and Karachi will have their own power generation. The total cost of expansion projects including Power Plants has been estimated at around Rs 14 Billion.
LATEST FINANCIAL RESULTS - 9 MONTHS: JULY 04 - MARCH 05 PROFIT BEFORE TAX INCREASED BY 22.5% OVER PREVIOUS YEAR
The Company has earned a handsome Profit before Tax of Rs 813 Million during the nine months ended on 31st March, 2005 compared to a Profit before Tax of Rs 664 Million earned during same period last year. This shows an increase of 22.5%. The Operating Profit and Profit before Tax showed an increase of 23% and 22.5% respectively during nine months ended on 31st March, 2005 compared to same period last year.
After making a provision of Rs 214 Million for tax, the earning per share worked out to Rs 2.21 as compared to Rs 1.68 per share in the corresponding period last year.
The total sales quantity of the Company increased from 769,384 Tons during nine months ended on 31st March, 2004 to 1,019,299 Tons during the period under review. The Company exported 200,558 Tons during the period under review compared to exports of 52,984 Tons made during corresponding period last year. The Company was able to increase its share in total exports made by the country from July 04 to March, 05 to 18.5% from 6.8% during same period last year.
The Lucky Cement was able to achieve a growth of 32% in its despatches compared to average growth of 17% achieved by the cement industry in Pakistan during the nine months ended on 31st March, 2005.
A BRIEF PROFILE OF YUNUS BROTHERS GROUP: Yunus Brothers Group is one of the largest export house of Pakistan that has grown up remarkably over the last 50 years. The YB Group is engaged in diversified textile manufacturing activities consisting of Spinning, Weaving, Processing, Finishing and Stitching. The Group also owns one of the largest cement manufacturing plant and the second largest yarn manufacturing capacity in the Country. Besides manufacturing, the Group is also engaged in International Trading of various commodities.
The Group consists of the following Companies, with an annual turnover of over Rs 27 Billion or US $450 Million during year 2004~2005 out of which exports amounted to US $300 Million.
1. Lucky Cement Limited
2. Gadoon Textile Mills Limited
3. Fazal Textile Mills Limited
4. Yunus Textile Mills
5. Lucky Energy (Private) Limited
6. M/s. Yunus Brothers
7. Lucky Textile Mills
8. Security Electric Power Company Limited
Mr Abdul Razzak Tabba - a prominent businessman of the country was the Chairman of YB Group. Mr Tabba was awarded SITARA-I-IMTIAZ on 23rd March, 2005 for Public Service and the highest exports. Under the leadership of Mr Abdul Razzak Tabba, the Group has received more than 20 Exports Trophies from the Government of Pakistan for the highest overall exports from the Country as well as the highest exports in Textile Sector.
It may be pertinent to point out that during the financial year 2004-2005, the textile mills owned by the Group ie Yunus Textile Mills, Lucky Textile Mills, Gadoon Textile Mills and Fazal Textile Mills have in total exported textile goods worth more than Rs 18 Billion.
Unfortunately, the group lost its dynamic and great leader on 19th May, 2005. Mr A. Razzak Tabba suffered a heart stroke on 19th May, 2005 and died the same day.
Mr A. Razzak Tabba was a Director of National Bank of Pakistan and had been involved in policy making of the bank. In addition to this, he was an active member of the board of governors of the Institute of Business Management (IBM). He was also a member of academic syndicate of Dow Medical University, as well as a member of advisory committee of Citizen Police Liaison Committee, a trustee of Saark Health Foundation, ice chairman Kidney Foundation and trustee of World Memon Foundation Community Centre where technical education is being given to more than 2300 girls every year.
Being very conscious of social responsibility of corporate sector, Mr A. Razzak Tabba had established "Aziz Tabba Doundation" for the welfare of the community at large, which is engaged in a number of social welfare activities for the benefit of poor and needy people. The major social welfare centres sponsored by the Aziz Tabba foundation are "Aziz Tabba Dialysis Centre" and "Tabba Heart Institute".
The Aziz Tabba Dialysis Centre is a kidney dialysis centre in Karachi having 20 modern Toray dialyses machines serving more than 200 patients every day and installed capacity for atleast 240 patients. The Tabba Heart Institute recently inaugurated by the prime minister Mr Shaukat Aziz on 8th March, 2005 is a most modern state of the art 120 bedded heart institute, equipped with latest state of art equipment for cardiac surgery and pre & post surgery procedures.
Mr M. Yunus Tabba - the younger brother of late Mr A. Razzak Tabba is the newly elected Chairman of Lucky Cement Limited and Mr Muhammad Ali Tabba - the son of late Mr A. Razzak Tabba is the Chief Executive.
The successors of the group have strong commitment and zeal to further expand the great works initiated by late A. Razzak Tabba and to make the group companies even more successful in the years to come.