Lucky Cement reports profit of Rs4.33b, up 4%

EPS increases to Rs12.15 from Rs11.94 in period under review

KARACHI: Lucky Cement posted a net profit of Rs4.33 billion in the third quarter ended March 31, up 4% compared with Rs4.16 billion in the same period of previous year, according to a company notice sent to the Pakistan Stock Exchange (PSX).

Earnings per share (EPS) increased to Rs12.15 from an EPS of Rs11.94 in the period under review.

The nine month (Jul-Mar) fiscal year 2016-17 earnings stood at Rs13.06 billion (or an EPS Rs37.37), up 9.2% compared to Rs11.95 billion (or an EPS of Rs34.11) in the same period of previous year. KSE-100 index closed at 50,111, up 403 points or 0.81%. Lucky Cement share price closed at Rs891.98, down 0.03%.

Substantial decline in exports, price competition, unanticipated increase in gas and coal prices, delay in installation of 660MW coal power plant and delay in commencement of brown and green field cement lines are key risk for Lucky Cement, according to a Topline Securities report.

Published in The Express Tribune, April 25^th, 2017.

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