Lucky Cement Earn profit of Rs.28.20 Billion

Lucky Cement posted a profit-after-tax of Rs28.23 billion during the period ended June 30, 2021, a bourse filing said.

On a consolidated basis, the Lucky Cement’s profit of Rs28.23 billion included Rs5.37 billion of the non-controlling interest for the year ended June 30, 2021.

Further, on a consolidated basis, the company achieved gross turnover of Rs267.73 billion, which is 64 per cent higher, compared with the last year’s turnover of Rs162.87 billion.

During the period under review, the company’s consolidated net profit (attributable to owners of the holding company) increased 273 per cent, compared with the last year.

The increase in the net profit was attributable to an increase in the profitability of all the group companies. The profit-after-tax of the cement segment (holding company) grew 3.21 times during the year under review due to the improved margins and sales volumes.

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