AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: Lucky Cement Company Limited (LUCK) has announced significant earnings growth for the second quarter of the fiscal year 2025, driven by increased cement dispatches and strategic cost efficiency measures. The company’s earnings per share (EPS) on a standalone basis rose to Rs24.8, marking a 7% year-over-year increase, while consolidated EPS surged by 22% to Rs73.2.
According to a statement by AKD Securities Limited, the company’s management expressed confidence in LUCK’s ability to navigate the challenges posed by declining cement market rates in the North. This optimism is supported by the company’s investments in renewable energy capacity, totaling 103.1 megawatts, which contribute to its cost-efficiency initiatives. Furthermore, LUCK’s fuel cost per ton remains among the lowest in the industry, bolstered by its expansion completed in December 2022.
In an effort to enhance liquidity and accessibility for retail investors, LUCK has proposed a stock split, opting for this strategy over a bonus issue to avoid imposing significant taxes on investors. The corporate briefing underscored the company’s strategic focus on maintaining margins through operational efficiencies and strategic investments.