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.
Lucky Cement awarded
December 19, 2020
KARACHI: Lucky Cement Limited was awarded at the 10th Fire and Safety Awards 2020, organised by The National Forum of Environment and Health (NFEH), a statement said on Friday.
Lucky Cement received the award in recognition to its commitment towards modern technology to control fire accidents and save human lives, it added.
The company was awarded after passing a stringent evaluation criteria devised purely on professional basis.
Amin Ganny, chief operating officer of Lucky Cement Limited, said: “At Lucky Cement, we ensure a safe and secure environment for all of our employees and stakeholders associated with our business operations directly or indirectly.”