Pakistan: Lucky Cement first-quarter profit up 4.8%

Lucky Cement Ltd, Pakistan’s leading cement producer, saw a 4.8 per cent rise in net profit for the first quarter of the current Pakistan fiscal to PKR2.669bn (US$26m).

Earnings per share (EPS) during the July-September 2014 period increased to PKR8.25 against PKR7.87 in the corresponding period last year. Gross profit increased by 5.9 per cent during the quarter as its net sales revenue improved by 12.2 per cent to PKR10.470bn against PKR9.332bn of the corresponding period last year.

Local sales volume during the quarter registered growth of 13.4 per cent to 0.965Mt compared to 0.85Mt in the comparative period of last year.