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.
