Lucky Cement Limited leads the cement industry with a rise in its half yearly net profit for the year 2013-14. It has recorded a net profit for the half year ending 31st December 2013, of Rs. 5.161 billion which is 20.3% higher than the corresponding period last year.
The earnings per share (EPS) for the corresponding period increased to Rs. 15.96 against an EPS of Rs. 13.27 of corresponding period last year. The company's gross profit increased by 10.7% during the half year as its net sales revenue improved by 11.8% to Rs. 19.575 billion against Rs. 17.511 billion of the corresponding period last year.
The local sales volume of Lucky Cement during the half year registered a growth of 4.3% that rose to 1. 9 million tons as compared to 1.8 million tons of same period last year, whereas export sales volume for Lucky Cement registered a growth of 19.10% to 1.2 million tons as compared to 1.0 million tons of the same period last year.
During the period under review, the combined sales revenue of Lucky Cement Limited increased by 11.8% which was contributed by 9.6% increase in volume and 2.2% increase in net retention.
Lucky Cement also reported progress on its ongoing projects including the commissioning of a Waste Heat Recovery (WHR) plant at its power generation units, the installation of new Vertical Grinding Mills at its Karachi plant aimed at improving quality, enhancing productivity and reducing energy costs, and a Tyre Derived Fuel (TDF) plant at its Pezu facility. It is noteworthy to mention that Lucky Cement's joint venture investment in a cement grinding mill in Iraq has also been commissioned and started commercial production in February 2014.
Lucky Cement also led the way in its social responsibility by granting numerous scholarships to students on merit during the half year under review, as well as providing support for the reconstruction of a girl's high school in Pezu. Lucky Cement is one of the few companies in Pakistan to report its sustainability initiatives and was granted an A+ ranking by the GRI Institute of Netherlands for its Sustainability Report 2012.