Lucky Cement Reports a Massive 217% Increase in Profits
Lucky Cement Limited has announced its financial results for the half-year that ended on 31 December 2020.
The company reported a consolidated net profit after a tax of Rs. 12.44 billion during the half-year, which is 217.35 percent or 2.17 times higher than the amount of Rs. 3.92 billion recorded in the same period last year.
On an unconsolidated basis, Lucky Cement Limited reported a net profit after a tax of Rs. 4.54 billion, which increased by 135.23 percent as compared to Rs. 1.93 billion.
During the period under review, on a consolidated basis, the net sales of the company increased by 58 percent to Rs. 95.81 billion as compared to Rs. 60.73 billion.