Lucky Cement reports rise in gross profits and net sales

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:

• Pakistan Observer
• Customs Today
• Dawn

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