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Saturday, November 16, 2024

Home Business LUCK posts unconsolidated earnings of Rs2,935m

LUCK posts unconsolidated earnings of Rs2,935m

by News desk
April 25, 2020
in Business

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STAFF REPORTER

KARACHI During 9MFY20, Lucky Cement Limited (LUCK) posted unconsolidated earnings of Rs 2,935mn (EPS: Rs 9.08), down by 65% YoY from Rs 8,294mn (EPS: Rs 25.65). Whereas during 3QFY20, profitability clocked-in at PKR 999mn (EPS: PKR 3.09), down by 64% YoY / up by 2% QoQ. Company’s topline witnessed a downturn of 11% YoY to Rs 11.2bn in 3QFY20 amid lower retention prices which offset the impact of 10% YoY growth in dispatches to 2,125k tons (local offtake went up by 6% to 1,518k tons while exports jumped up by a robust 19% to 607k tons). Whereas during 9MFY20, sales declined by 14% YoY led by 3% dip in dispatches 5,802k tons amid addition of new capacities by other players alongside lower retention prices.