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Lucky Cement

Lucky Cement has actively participated in various environment projects. Company always ensures environment preservation as a front line demeanor in adopting all the possible means for environment protection and has been taking various steps to ensure minimal dust and gaseous emissions.

Lucky Cement on Thursday reported that its profit 

Lucky Cement on Thursday reported that its profit decreased 28 percent for the half year ended December 31, 2018.

Lucky Cement on Thursday reported that its profit decreased 28 percent for the half year ended December 31, 2018. The cement maker, in a statement, said it earned Rs6.137 billion in the 1HFY19 with earning per share of (EPS) of Rs 17.92, compared to Rs8.576

billion recorded in the same period a year ago (EPS: Rs 24.47). The  company  did  not announce any cash dividend. Lucky Cement  said  its  finance  cost increased  2.46 percent to Rs 774 million compared to Rs 314 million a year earlier.

Topline Securities in a report said for 2QFY19, Lucky reported consolidated earnings of Rs2.8 billion (EPS: Rs8.8), down 30 percent year-on-year, which was broadly in line with street consensus. The brokerage said net sales were up 19 percent year-on-year during the outgoing quarter, owing to 25 percent year-on-year higher revenues from its subsidiary ICI Pakistan. The report added that cement segment sales were up 12 percent year-on-year, mainly on the back of significant increase in exports, led by clinker sales to regional countries.

 Local sales were down 7 percent year-on-year in 2QFY19, as construction activities were affected by slowdown in overall economy, the brokerage said.

source:  The News

Lucky Cement posts Rs5.80bn net profit for 1HFY2019

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KARACHI: On a consolidated basis, Lucky Cement Limited reported net profit after tax of PKR 5.80 billion after taking out PKR 0.34 billion attributable to non-controlling interests for the half year ended December 31, 2018, which translates into earnings per share (EPS) of PKR 17.92 / share as compared to PKR 24.47 / share reported during the same period last year.

Further, on a consolidated basis, the Company achieved gross turnover of PKR 67.85 billion which is 13.5 percent higher as compared to the same period last year’s turnover of PKR 59.77 billion.

On a standlaone basis, the Company’s overall sales volumes grew by 6.8 percent to reach 4.01 million tons during the current half-year under review; where, local cement sales volume registered a decline of 6.8 percent (North 10.8 percent and South 2.1 percent) in the current half year to reach 2.99 million tons in comparison to 3.21 million tons in the same period last year. On the other hand, export sales volumes of the Company more than doubled in the current half year and improved by 109.0 percent to reach 1.02 million tons as compared to 0.49 million tons during the same period last year.

Further, with regards to Company’s standalone financial performance, the gross sales revenue increased by 6.2 percent to PKR 34.89 billion compared to PKR 32.85 billion reported during the same period last year. The increase in revenue was mainly due to higher export volumes for clinker and cement. Furthermore, Lucky Cement recorded net profit after tax of PKR 5.50 billion, which is 16.0 percent lower as compared to same period last year. Similarly, the standalone EPS of the Company is PKR 17.01 / share as compared to the same period last year’s reported EPS of PKR 20.25 / share.

Lucky Cement also shared progress on its brownfield expansion for cement production of 2.6 million tons per annum at its Pezu Plant and the greenfield investment project for producing 1.2 million tons of clinker at Samawah, Iraq. In addition, the Company also reported progress on its investment projects of 1 X 660 MW supercritical coal based power project at Port Qasim and automobile manufacturing plant under license from Kia Motors Corporation.

Lucky Cement remains committed towards value-creation for the society in which it operates. In this regard, the Company extended numerous scholarships to deserving students for various leading universities in Pakistan and abroad. Keeping in view the importance and impact of women empowerment in Pakistan, the Company in collaboration with Zindagi Trust continued its support for two leading Government girls’ schools in Karachi. Further, with regards to Community development, Company sponsored certain events of World Memon Organization and also made contributions for certain annual events organised by Special Olympics Pakistan. The company continued to donate generously towards health-based initiatives by supporting various welfare organizations. Lucky Cement always takes serious responsibility towards the environment and in an effort to highlight the importance of environment conservation, the company launched a tree plantation drive during the current half year, where free tree samplings were distributed amongst the employees to contribute towards making Pakistan greener and environment friendly.

Lucky Cement remains hopeful for the improvement in domestic sales going forward on the back of Government’s key initiatives to build both small and mega-capacity / multipurpose water reservoirs / dams and ‘5 million housing scheme’. With regards to exports, sales are expected to remain strong in view of favorable market dynamics and increasing demand for Clinker in the regional countries.

Mr. M. Ali Tabba (CEO of Lucky Cement & Chairman of Pakistan Business Council) was  the Guest Speaker

Mr. M. Ali Tabba (CEO of Lucky Cement & Chairman of Pakistan Business Council) was the Guest Speaker at EIGHTEEN CEO SUMMIT ASIA, Book Launch of “100 Best Performing CEOs & Companies of Pakistan” & Best Leadership Award Ceremony 2019 on January 17th, 2019 at Marriott Karachi.

Chief Guest Honorable General Zubair Mahmood Hayat Chairman Joint Chiefs of Staff Committee graced the event with his presence. More than 500 CEOs, Chairmen, Business Leaders, Foreign Delegates attended the event and shared their views with the audience.

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