KARACHI: Lucky Cement Limited reported net profit  of Rs10.42 billion for the nine months ending March 31, 2017, which  is 8.4 percent higher as compared to the same period last year.
Consequently, the earnings per share (EPS) for the nine months  increased to Rs32.23 compared to Rs29.73 reported during the same  period last year, according to a statement issued here.
The company's net sales revenue increased by 5.4 percent to Rs35.24 billion compared to Rs33.43 billion reported during the  same period last year. The increase in net sales revenue was mainly attributable to increase in sales volume.
The local sales volume of the company during the nine months  registered a growth of 18.6 percent to 4.60 million tons compared to 3.88 million tons reported during the same period last year, whereas export sales volume registered a decline of 23.9 percent to 0.93 million tons compared to 1.23 million tons reported during the same period last year.
On a consolidated basis, Lucky Cement reported net profit of Rs12.05 billion for the nine months ended March 31, 2017, which is 9.3 percent higher as compared to the same period last year.
Consequently, consolidated EPS during the nine months increased to Rs37.27 compared to Rs34.11 reported during the same period last year.
Lucky Cement also reported progress on its key local and international projects i.e. brown field expansion (installation of new production line) at Karachi Plant, fully integrated green field cement manufacturing plant in Punjab, investment in automobile manufacturing plant under license from KIA Motors Corporation, brown field expansion in cement grinding unit in Republic of Iraq, 1 X 660 MW, supercritical coal based power project at Port Qasim.
The company also announced successful commissioning and start of operations of 10 MW WHR plant (Kiln) at Pezu Plant.
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