Lucky Cement reports 7.2% profit growth in the second quarter

Lucky Cement Limited, a major player in the cement industry, announced a net profit growth of 7.2% for the quarter ending December 31, 2024, meeting market expectations.

The company reported a net profit of PKR 7.27 billion, which translates into earnings per share (EPS) of PKR 24.84.

This marks an increase from the net profit of PKR 6.78 billion recorded in the same quarter last year. The company did not declare any payouts along with the financials.

Sales revenues for the quarter rose by 20%, reaching PKR 48.15 billion. The increase was attributed to higher retention prices and greater volumetric sales.

During the first half of the fiscal year 2025, cement dispatches totaled 22.9 million tons, reflecting a 4% decline from 23.9 million tons in the previous year.

This drop was primarily driven by a 10% reduction in local dispatches. Conversely, export dispatches surged by 32%, reaching 4.8 million tons compared to the same period last year.

Industry utilization stood at 58% in December 2024, with the North region recording a utilization rate of 51% and the South region at 86%.