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
Read the article online at: https://www.worldcement.com/asia-pacific-rim/31102014/lucky-cement-reports-rise-in-gross-profits-and-net-sales-776/