Lucky Cement nine-month net profit rise, Pakistan

Lucky Cement has reported net profit of PKR4.68bn (US$51.5m) for the nine-month period ending 31 March 2012, representing an 89 per cent rise compared to the PKR2.47bn earned in the corresponding period last year.

Earnings per share during the nine month period were PKR14.49 against PKR7.65 last year. Net revenue rose 29% to PKR 24bn primarily due to higher factory prices and a two per cent rise in sales.

Distribution expenses remained flat and a 29 per cent decline in financial expenses to PKR294m also supported the growth in profit.