KARACHI: Lucky Cement Limited reported a considerable rise in its net profit for July to December 2014-15 fiscal year. It has recorded a net profit for half year December 31, 2014 of Rs 5.60 billion, which was 8.54 percent higher than profit of corresponding period last year.

Earnings Per Share (EPS) for six months period increased to Rs 17.32 against an EPS of Rs 15.96 of corresponding period last year. The Company s gross profits increased by 9.03 percent during period as its net sales revenue improved by 9.37 percent to Rs 21.41 billion against Rs 19.57 billion of corresponding period of last year.

The local sales volume of Company during period registered a growth of 9.20 percent and rose to 2.02 million tonnes as compared to 1.85 million tonnes of same period last year, whereas export sales volume registered a growth of 2.24 percent to 1.23 million tonnes as compared to 1.21 million tonnes of same period last year. The Company maintained its market share at a level of 19 percent.

During period under review combined sales revenue increased by 9.37 percent that was mainly contributed by increase in volumes.

Lucky Cement on its investments and ongoing projects including fully integrated cement manufacturing plant in Democratic Republic of Congo, grinding unit in Iraq, 1X660 megawatts (MW) supercritical coal based
power project, Waste Heat Recovery plants at Captive Power Plants, Vertical Grinding Mills at Karachi plant and 50 MW wind farm made satisfactory progress.Lucky Cement granted several scholarships programmes during period with the aim of equipping the
talented youth of the
country with access to
quality education.