Lucky Cement reports rise in gross profits and net sales
Published by Katherine Guenioui,
Editor
World Cement,
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.
Edited from various sources by Katherine Guenioui
Sources:
Read the article online at: https://www.worldcement.com/asia-pacific-rim/31102014/lucky-cement-reports-rise-in-gross-profits-and-net-sales-776/
You might also like
The World Cement Podcast - What's next for US Cement?
In this episode of the World Cement Podcast, we are joined by Mike Ireland, President and CEO of the ACA or American Cement Association. Listen in as Mike and David dive into a range of topics, including the ACA’s recent rebranding efforts, decarbonisation, policy and legislation, and the impact of AI on cement demand.
Tune in to the World Cement Podcast on your favourite podcast app today.
