Pakistan Company News – Financial results of Lucky Cement Limited for Year ended June 30, 2018

Financial results of Lucky Cement Limited for Year ended June 30, 2018

Karachi, Lucky Cement Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on July 31, 2018.

The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for year ended June 30, 2018 which portrayed a profit of Rs. 12,197,090 and Rs. 16,173,553 with earnings per share 37.72 and 45.83 basic and diluted respectively.

Further, 80% payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from September14, 2018 to September28, 2018 (both days inclusive).

Lucky Cement Limited was incorporated in Pakistan on September 18, 1993 under the Companies Ordinance, 1984. The principal activity of the company is manufacturing and marketing of cement. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The company has also issued Global Depository Receipts which are listed and traded on the Professional Securities Market of the London Stock Exchange. The registered office of the Company is located at Khyber Pakhtunkhwa. The company has two production facilities in Khyber Pakhtunkhwa and at Karachi.

The production capacity of the company is approximately 7.75 million tons per annum. The company exports sizeable quantities of loose cement and has its own loading and storage terminal at Karachi Port. The company is ISO 9001:2008 and 14001:2004 certified. It also possesses many other international certifications including Bureau of Indian Standards, Sri Lankan Standard Institute, Standards Organization of Nigeria, Kenya Bureau of Standards and South African Bureau of Standards.

The symbol “LUCK” is being used by the stock exchanges for the shares of Lucky Cement Limited.