Lucky Cement, Pakistan, reported growth of more than 8% in profit after tax for the six months ending 31 December at Rs.5.60 billion. Net sales revenue was up more than 9% at Rs.21.41 billion thanks to an increase in volumes of 9.2% in local sales and 2% in export sales. The company sold 2.02 million t of cement on the domestic market, compared to 1.85 million t in the same period of the previous year. Cement prices also held, helping to offset the increase in the cost of sales and keeping margins intact.
Along with its results, the company also reported good progress in its investments outside Pakistan, including the integrated cement plant in Congo and the grinding unit in Iraq, as well as its projects within the country.
Edited from various sources by Katherine Guenioui
Read the article online at: https://www.worldcement.com/asia-pacific-rim/24022015/lucky-cement-reports-growth-in-profit-393/