Lucky Cement Limited declared a profit after tax, for the year ending 30th June 2011, of Rs. 3.97 billion which is 26.55% higher than last year’s net profit of Rs. 3.14 billion. Lucky Cement Limited also announced a cash dividend of Rs. 4 per share, or 40%on the par value of Rs. 10 per share for the year ended on June 30 2011. The earnings per share (EPS) for the corresponding period increased to Rs. 12.28 against an EPS of Rs. 9.7 last year.
The company’s gross profit increased by 9.18% during the year as its net sales revenue improved by 6.16% to Rs. 26.018 billion against Rs. 24.509 billion of last year. Higher local retention prices primarily contributed in the higher margins.
The local sales volume during the year under review registered a growth of 11.07% that rose to 3.46 million tons as compared to 3.12 milliontons of last
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