Lucky Cement Reports Strong Financial Results for the Year Ended June 30, 2023; Declares Cash Dividend of Rs. 18 per Share

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Karachi, Lucky Cement Limited, a leading cement manufacturing company, has announced its financial results for the year ending June 30, 2023, showcasing robust performance and growth. The Board of Directors convened on August 7, 2023, in Karachi to discuss the results and make recommendations.

The company’s financial highlights revealed a significant increase in revenue, reporting an impressive revenue of PKR 459,459,165, compared to PKR 396,704,391 in the previous year. The gross profit also demonstrated remarkable growth, reaching PKR 93,634,000, compared to PKR 60,041,088 in the previous year. This performance was attributed to increased sales and effective cost management strategies.

In light of this strong financial performance, Lucky Cement’s Board of Directors recommended a cash dividend of Rs. 18 per share for the shareholders. However, there were no bonus shares, right shares, or any other entitlements recommended.

The company’s annual general meeting (AGM) is scheduled to take place on September 26, 2023, at the registered office situated in Pezu, District Lakki Marwat, Khyber Pakhtunkhwa. The Share Transfer Books of the company will be closed from September 16, 2023, to September 26, 2023, both days inclusive.

Additionally, the company announced its intention to transmit the Annual Report for the year ended June 30, 2023, through the Pakistan Ultimate Corporate Universal Reporting System (PUCARS).

The financial statements annexed to the announcement revealed that Lucky Cement’s consolidated total assets have grown to PKR 608,359,394, compared to PKR 503,687,314 in the previous year. The consolidated statement of profit or loss showed a significant increase in profits, with the company reporting a profit after taxation of PKR 59,537,368, compared to PKR 36,422,670 in the previous year.

Overall, Lucky Cement’s financial results for the year ending June 30, 2023, demonstrate strong growth and solid financial performance, reflecting the company’s strategic focus on sustainable growth and value creation for its shareholders.

The post Lucky Cement Reports Strong Financial Results for the Year Ended June 30, 2023; Declares Cash Dividend of Rs. 18 per Share appeared first on Pakistan Company News.