Lucky Cement earnings’ outlook, Pakistan

Lucky Cement earnings’ outlook, Pakistan
Published: 14 April 2011

Lucky Cement Limited is set to release its 9MFY11 financial results on April 16, 2011. Arif Habib Limited expects the company to earn profit after tax of PKR2696m (US$32m) for 9MFY11, representing a 5% YoY improvement, when compared with PKR2561m (EPS: PKR 7.92) in the corresponding period last year. The growth in profit after tax is expected from a 20% YoY jump in the average retention prices.

For 3QFY11 alone, Arif Habib Limited expects the company to post QoQ growth of 68% to PKR1235m, mainly stemming from a 4% QoQ increase in retention prices coupled with a 3% QoQ jump in sales.