Lucky Cement profit doubles on higher revenue

KARACHI: Lucky Cement Limited reported a 109 percent jump in its half-year net profit on Friday, boosted by higher revenue and other income.

The company posted a net profit of Rs38.323 billion for the six months ended Dec. 31, up from Rs18.323 billion a year earlier, it said in a statement to the Pakistan Stock Exchange.

Earnings per share rose to Rs117.19 from Rs49.32. The company did not announce any dividend for the period.

Lucky Cement said its revenue increased by 12.9 percent to Rs247.475 billion, driven by higher sales volumes and prices. Its cost of sales decreased by 1.8 percent to Rs143.460 billion, resulting in higher gross profit margins.

The company also reported a more than three-fold increase in its other income to Rs10.084 billion. For the second quarter, the company’s net profit rose by 66.5 percent to Rs18.966 billion rupees, while earnings per share increased to Rs59.41 from Rs32.51.

Atlas Honda Q3 profit jumps 79pc

Atlas Honda Ltd reported a 79 percent rise in its third-quarter net profit on Friday, boosted by higher sales and other income.

The company, which makes Honda-branded motorcycles and spare parts, said its net profit for the quarter ended Dec. 31 was Rs2.521 billion, compared with Rs1.408 billion a year earlier. Earnings per share rose to Rs20.32 from Rs11.35. Atlas Honda, which did not announce any dividend or bonus for the quarter, said its sales increased 17 percent to Rs41.232 billion, while its cost of sales rose 15 percent to Rs37.709 billion.

The company also reported a surge in other income, which rose to Rs1.977 billion from Rs1.084 billion, mainly due to higher returns on its investments. For the nine-month period ended Dec. 31, Atlas Honda's net profit rose 65 percent to Rs6.080 billion, while its earnings per share increased to Rs49.01 from Rs29.72.

FFC posts 38pc annual profit rise

Fauji Fertilizer Company Limited posted a 38 percent rise in annual net profit on Friday, boosted by higher sales and other income.

The company reported a net profit of Rs47.45 billion for the year ended Dec. 31, compared with Rs34.37 billion a year earlier, it said in a statement to the Pakistan Stock Exchange.

FFC announced a final cash dividend of Rs4.10 per share, taking the total payout for the year to Rs15.49 per share.

Earnings per share rose to Rs37.30 from Rs27.02 last year.

Revenue for the year jumped to Rs181.38 billion from Rs125.68 billion. Other income, mainly from investments, increased to Rs16.36 billion from Rs11.50 billion. However, the company's tax expense also rose to Rs27.07 billion from Rs16.26 billion, reducing its profit margin to 26.2 percent from 27.4 percent.