Lucky Cement, Pakistan, has posted profit after tax of Rs.2.67 billion for the first quarter of its financial year, up 4.8% from last year. Gross profits increased 5.9% in the quarter, while net sales revenue was up 12.2% at Rs.10.470 billion. Local sales volumes were also up, seeing a rise from last year’s 0.850 million t in the first quarter, to 0.965 million t in 1Q15.
The company is working on a waste heat recovery plant for its plant in Karachi. THE WHR system will have a capacity of 5 MW and is set to be complete in January next year, while another unit in its Pezu plant is on track to become operational in September 2015. Lucky Cement reports a decline in gross margins for 1Q15, largely due to higher costs for fuel and power.
In the second part of this abridged article, Lucky Cement’s Noman Hasan discusses the company’s operations in Pakistan and the huge potential of the country’s cement industry.
Noman Hasan, Lucky Cement Limited, takes a look at the development and expansion of the Pakistani cement industry in the first part of this abridged article taken from World Cement’s October issue.