September 08, 2008

Lucky Cement net profit in 9 months by 50% YoY

Pakistan’s Lucky Cement has posted a net profits of PKR 2,014 billion in July 2007 to March 2008 period up by 50% YoY as compared to PKR 1,345 million recorded in July 2006 to March 2007 period. The gross profit increased by a considerable 24% YoY to PKR 3.1 billion as against PKR 2.5 billion.

Lucky Cement’s distribution and administrative expenses took a significant jump to PKR 821 million up by 125% YoY from PKR 365 million.

In July 2007 to March 2008 period, the local cement dispatches of the company declined by 11% YoY to 2.18 million tonnes as compared to 2.45 million tonnes. Conversely, exports rose by a substantial 113% YoY to 1.95 million tonnes.