Lucky Cement profit surges 135pc on construction strength
Business
January 30, 2021
KARACHI: Lucky Cement profit jumped 135 percent to Rs4.541 billion in the first half of fiscal year 2020/21, translating into earnings per share (EPS) of Rs14.04, a bourse filing said on Friday.
The company posted Rs1.936 billion with EPS of Rs5.99 in the same period ended December 31, 2019. Dividend payments were nil as per the notice submitted to the Pakistan Stock Exchange.
Sales showed improvement, as net sales went up 42 percent to Rs30.075 billion from Rs21.211 billion in the first half of 2019.
Brokerage Arif Habib Limited in a report said, “Company’s top-line witnessed an uptick of 36 percent YoY to Rs15.7 billion in