Karachi, Lucky Core Industries Limited, in its Board of Directors meeting on August 02, 2023, has approved the Annual Audited Financial Statements for the fiscal year ended June 30, 2023. The company has announced consolidated and un-consolidated results showcasing a robust financial performance.
Dividend:
The Board has recommended a final cash dividend of 330% (PKR 33/- per share of PKR 10/- each) for the financial year ended June 30, 2023. This is in addition to the interim cash dividend of 100% (PKR 10/- per share of PKR 10/- each) already paid. The combined dividend will amount to an impressive 430% for the year. Shareholders on the Register of Members as of September 19, 2023, will be eligible for the final dividend.
Annual General Meeting:
The company's Annual General Meeting is scheduled for September 26, 2023, to be held in Karachi and through video conferencing. To facilitate the meeting, the Shares Transfer Books of the Company will remain closed from September 20, 2023, to September 26, 2023 (both days inclusive).
Financial Performance:
Lucky Core Industries Limited reported a net turnover of PKR 109,543,700,000 for the year ended June 30, 2023. The gross profit stood at PKR 22,451,011,000 after accounting for costs and expenses. The company achieved a significant operating result of PKR 14,766,537,000.
During the year, the company realized a profit before taxation from continuing operations amounting to PKR 12,057,692,000. After taxation, the profit from continuing operations reached PKR 7,680,657,000. Additionally, the company reported a profit after taxation from discontinued operations at PKR 10,092,201,000.
Earnings per share:
Earnings per share (EPS) for continuing operations stood at PKR 83.16, while EPS from discontinued operations was PKR 106.99. The total EPS for the year amounted to PKR 190.15.
The profit after taxation of PKR 17,772,858,000 has been attributed to both equity holders of the Holding Company and non-controlling interests.
Lucky Core Industries Limited's strong financial performance and generous dividend distribution demonstrate its commitment to creating value for shareholders. Investors and stakeholders are eagerly looking forward to the Annual General Meeting to gain further insights into the company's achievements and future plans.