Earnings per share rose by Rs 20.97 per share versus Rs 12.28 per share achieved last year. Gross profit increased by 46.03% during year as net sales revenue improved by 28.08% to Rs 33.323 billion against Rs 26.018 billion last year. Higher sales volume in domestic market coupled with better retention prices attributed to record breaking profit declared.
Local sales volume registered 7% growth and rose to 3.72 million tons as compared to 3.46 million tons last year. However, export sales volume declined by 4% from 2.35 million tons to 2.25 million tons in fiscal year ending 30 June 2012, mainly due to intentional focus on domestic market, which contributed in increasing overall profitability. Financing cost decreased to Rs 253.23 million compared to Rs 517.79 million in fiscal 2011.

Company undertook capital expenditures to enhance efficiencies, cost competitiveness like new RDF/TDF plants, new European origin packing plant for Karachi project. Alternative fuel (RDF/TDF) plants replaced up to 20% of coal consumption with other cheap alternative fuels. A grid station and 22km interconnection lines were installed, resulting in power supply to HESCO from 1 July, 2012.
It reported progress on joint venture investments for cement plant in DR Congo, Grinding facility in Iraq. It acquired approval of its shareholders for investment of US$4.0 million, being 13.79% share, in equity investment project for 50MW wind farm being setup by Group’s Associated Company, Yunus Energy Ltd.
Lucky Cement in consortium with other Group entities acquired 75.81% shareholding in ICI Pakistan, comprising four business segments of Soda Ash, Polyester Fiber, Life Sciences & Chemicals. Share Purchase Agreement was signed in Netherlands with Parent company of ICI Pakistan at bid value of $152.50 million, payable in equivalent of Pak Rupee. Financing of this transaction has been planned in a manner to carry minimal debt on books of company.