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Lucky Cement registered Rs 5.60 billion profit after tax

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KARACHI: Lucky Cement registered Rs. 5.60 billion profit after tax (PAT) for the half year ended Dec, 31, 2014 which is an increase of 8.54% compared to the PAT at Rs. 5.16 billion in the corresponding period of the previous year.

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The earnings per share (EPS) for the period increased to Rs. 17.32 against an EPS of Rs. 15.96 of first half year.

Net Sales revenue for the period increased to 9.37% to Rs 21.41 billion against 19357 billion.

The local sales volume during the period registered a growth of 9.20 % that rose to 2.02 million tons as compared to 1.85 million tons of same period last year. While export sales volume increased 2% to 1.23 million tons as compared to 1.21 million tons of the same period last year.

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According to official statement company maintained the record of 1/5th market share in the country by holding 19% share of the market.

Moreover, the statement also shows the progress of company in its ongoing investment in multiple domestic and international projects including joint Venture investment in cement plant in DR Congo; Joint venture investment in cement gridding facility in Iraq; an investment in 660MW coal based power project in Karachi through its subsidiary M/s Luck Holdings Limited (LHL) in which the company holds 75$ share; supercritical coal based power project; 5 MW the Waste Heat Recovery (WHR) plants at Karachi and Pezu captive power plants; the vertical grinding mils at Karachi plant and 50MW wind farm. Moreover, negotiation process is on the way of approval for power generation from NEPRA for the supply of surplus electricity from its Pezu power plants to the Peshawar Electric Supply Company (PESCO).

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