Pakistani producer moves ahead

Pakistani producer moves ahead
Published: 02 March 2005

Lucky Cement Ltd has announced a profit before tax of Rs. 566.517 Million for the Half Year Ended on 31st December, 2004 as against the profit before tax of Rs. 414.195 Million earned by it during the Half Year Ended on 31st December, 2003.  This shows an increase of Rs. 36.8 per cent in its profitability. The net sales of the company increased by 50 per cent to Rs1871 Million during half year ending December compared to net sales of Rs1247m during half year to December 03. The gross profit made by the company increased by 36.5 per cent compared to the gross profit earned during corresponding period last year.

Total cement sales of the company during the half year under report increased to 695,372t compared to 480,432t during corresponding period last year which reflects an increase of 214,940t or 44.7 per cent. The domestic sales increased to 549,464t during six months ended on 31st Dec., 04 as against 459,272t during same period last year. The export sales showed a massive increase - from 21,160t during half year ended on 31st Dec 03 to 145,908t during the period under review. Due to strategic planning, your company was able to increase its share in overall exports of the country from 4.3 per cent during half year ended on 31st Dec 03 to 18.8 per cent during the period under review – officials claim.