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Lucky Cement Posts a Profit of Rs. 14.8 Billion in FY 2018

Lucky Cement recorded a merged net benefit of Rs 14.82 billion in the wake of taking out Rs. 1.35 billion inferable from non-controlling interests for the money related year that finished on June 30, 2018.

Income per share (EPS) remained at Rs 45.83 contrasted and an EPS of Rs 50.18 in the period under audit.

The Board of Directors proposed a last money profit of Rs 8.00 for every offer subject to the endorsement of investors in the up and coming Annual General Meeting booked to be hung on September 28, 2018.

This proposed last trade profit is out expansion to the break money profit of Rs 5.00 for each offer, as beforehand prescribed by the Board of Directors for the budgetary year finishing June 30, 2018.

The organization accomplished a general development of 9.3% with an aggregate deals volume of 7.82 million tons amid the current financial year when contrasted with 7.15 million tons sold a year ago.

Nearby clinker deals volumes declined by 80.1% to 0.06 million tons amid the financial year when contrasted with 0.30 million a year ago.

The organization accomplished a gross turnover of Rs 124.68 billion which is 13.6% higher when contrasted with a year ago’s gross turnover of Rs 109.80 billion.

Amid the monetary year, it accomplished a general gross deals income development of 9.4% which was fundamentally because of the effect of higher volumes and increment in Federal Excise Duty and Sales Tax.

The cost of offers expanded by 14.7% based on an expansion in coal costs, pressing material and other fuel costs.

With respect to the organization’s independent execution, the gross deals income expanded by 9.4% to Rs 67.38 billion contrasted with Rs 61.60 billion detailed a year ago.

Besides, Lucky Cement recorded net offer which is 10.9% lower when contrasted with a year ago’s accounted for EPS of Rs 42.34 for each offer.

Fortunate’s content at the bourse was shut at Rs 550.98, around Rs 25.49 on Tuesday with a turn over of 1.2 million offers. The nearby bond deals volume of the organization amid the monetary year enlisted a development of 14.8% (North 18.1% and South 11.0%) to achieve 6.63 million tons contrasted with 5.77 million tons detailed a year ago.

Tasks

Fortunate Cement likewise shared advance on its brownfield development for bond generation of 2.6 million tons for each annum at its Pezu Plant and the greenfield speculation venture for creating 1.2 million tons of clinker at Samawah, Iraq.

Moreover, the organization additionally detailed advance on its speculation ventures of 1 X 660 MW supercritical coal-based power venture at Port Qasim and vehicle fabricating plant under permit from Kia Motors Corporation.

CSR

Fortunate Cement stays conferred towards esteem creation for the general public in which it works. In such manner, the organization has offered various grants to meriting understudies for considers in Pakistan and also abroad.

Keeping in see the significance and effect of ladies strengthening in Pakistan, Lucky Cement, in joint effort, with Zindagi Trust proceeded with its help for two driving government schools for young ladies in Karachi.

The organization likewise kept on giving liberally towards wellbeing based activities by supporting different welfare associations. Fortunate Cement dependably considers its duty towards the earth important and consistently tries endeavors to shorten carbon outflows in the environment.

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