Lucky Cement sees 9% turnover rise, 24% profit fall

Lucky Cement reported a 9.2 per cent rise in gross turnover for the quarter ended 30 September 2018 to PKR31.32bn (US$235.2m) from PKR28.68bn in the same quarter of the previous year. The Pakistani cement producer attributed the increase primarily due to higher sales volumes and an increase in federal excise duty and sales tax.

The company reported a consolidated profit after tax of PKR3.16bn in the quarter, down 24.2 per cent YoY. In the year-ago period, profit after tax reached PKR4.17bn.