Last checked at 22 Feb 2016 12:57
LCK/CS/2015-16/ February 20, 2016
The General Manager Pakistan Stock Exchange Limited Karachi | The Deputy Chief Securities & Exchange Commission of Pakistan Islamabad | The London Stock Exchange 10 Paternoster Square, London |
Dear Sir(s)
FINANCIAL RESULTS FOR THE HALF YEAR ENDED DECEMBER 31, 2015
This is to inform you that the Board of Directors of our Company in their Meeting held on Saturday, February 20, 2016 at 11:30 a.m., at 6-A, Muhammad Ali Housing Society, A. Aziz Hashim Tabba Street, Karachi-75350 recommended the following:
(I) Cash Dividend Nil
(ii) Bonus Issue Nil
(iii) Right Issue Nil
(iv) Interim Dividend Nil
The financial results of the Company consisting of Profit and Loss Account are annexed.
Yours truly
for LUCKY CEMENT LIMITED
MUHAMMAD FAISAL
Executive Director and
Chief Strategy, Finance & Investment Officer
Unconsolidated Condensed Interim Profit and Loss Account | |||||||||||||||||||||||||
For the half year ended December 31, 2015 (Un-audited) | |||||||||||||||||||||||||
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| Half Year Ended |
| Quarter Ended | |||||||||||||||||
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| December 31, |
| December 31, |
| December 31, |
| December 31, | |||||||||||||
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| 2015 |
| 2014 |
| 2015 |
| 2014 | |||||||||||||
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| (Rupees in'000') |
| (Rupees in'000') | |||||||||||||||||
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Gross sales |
|
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| 26,697,331 |
| 25,688,304 |
| 14,198,454 |
| 13,166,172 | |||||||||||||||
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Less: Sales tax and excise duty |
|
| 4,572,763 |
| 3,920,628 |
| 2,543,396 |
| 2,044,762 | ||||||||||||||||
Rebates and commission |
|
| 282,567 |
| 357,960 |
| 155,189 |
| 181,635 | ||||||||||||||||
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| 4,855,330 |
| 4,278,588 |
| 2,698,585 |
| 2,226,397 | |||||||||||||
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Net sales |
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| 21,842,001 |
| 21,409,716 |
| 11,499,869 |
| 10,939,775 | ||||||||||||||
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Cost of sales |
|
|
| (11,632,889) |
| (12,132,854) |
| 6,044,255) |
| (6,074,423) | |||||||||||||||
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Gross profit |
|
|
| 10,209,112 |
| 9,276,862 |
| 5,455,614 |
| 4,865,352 | |||||||||||||||
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Distribution cost |
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| (1,064,255) |
| (1,747,271) |
| (471,981) |
| (879,158) | |||||||||||||||
Administrative expenses |
|
| (579,396) |
| (429,248) |
| (315,762) |
| (221,034) | ||||||||||||||||
Finance costs |
|
|
| (17,468) |
| (12,906) |
| (14,570) |
| (3,708) | |||||||||||||||
Other charges |
|
|
| (707,185) |
| (646,453) |
| (368,330) |
| (333,563) | |||||||||||||||
Other income |
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|
| 661,176 |
| 616,481 |
| 302,746 |
| 284,135 | |||||||||||||||
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Profit before taxation |
|
| 8,501,984 |
| 7,057,465 |
| 4,587,717 |
| 3,712,024 | ||||||||||||||||
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Taxation |
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| -current |
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| (2,035,062) |
| (1,471,952) |
| (1,103,598) |
| (795,640) | ||||||||||||||
| deferred |
|
|
| (211,983) |
| 15,782 |
| (197,393) |
| 15,782 | ||||||||||||||
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|
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| (2,247,045) |
| (1,456,170) |
| (1,300,991) |
| (779,858) | |||||||||||||
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Profit after taxation |
|
| 6,254,939 |
| 5,601,295 |
| 3,286,726 |
| 2,932,166 | ||||||||||||||||
Other comprehensive income for the period |
|
| - |
| - |
| - |
| - | ||||||||||||||||
Total comprehensive income for the period |
|
| 6,254,939 |
| 5,601,295 |
| 3,286,726 |
| 2,932,166 | ||||||||||||||||
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| (Rupees) |
| (Rupees) | |||||||||||||||||
Earnings per share - basic and diluted |
|
| 19.34 |
| 17.32 |
| 10.16 |
| 9.07 | ||||||||||||||||
| Condensed Interim Consolidated Profit and Loss Account |
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| For the half year ended December 31, 2015 (Un-audited) |
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| Half Year Ended |
| Quarter Ended |
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| December 31, |
| December 31, |
| December 31, |
| December 31, |
| |||||||||||
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| 2015 |
| 2014 |
| 2015 |
| 2014 |
| |||||||||||
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| (Rupees in'000') |
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| Gross sales |
|
|
| 47,565,997 |
| 47,396,494 |
| 5,236,194 |
| 24,343,915 |
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| Less: | Sales tax and excise duty |
|
| 6,027,888 |
| 5,260,287 |
| 3,289,307 |
| 2,734,830 |
| |||||||||||||
|
| Rebates and commission |
|
| 1,648,339 |
| 1,556,865 |
| 893,433 |
| 823,140 |
| |||||||||||||
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| 7,676,227 |
| 6,817,152 |
| 4,182,740 |
| 3,557,970 |
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| Net sales |
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|
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| 39,889,770 |
| 40,579,342 |
| 21,053,454 |
| 20,785,945 |
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| Cost of sales |
|
|
| (26,749,171) |
| (28,528,681) |
| (14,007,869) |
| (14,368,704) |
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| Gross profit |
|
|
| 13,140,599 |
| 12,050,661 |
| 7,045,585 |
| 6,417,241 |
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| Distribution costs |
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| (1,957,240) |
| (2,461,455) |
| (922,732) |
| (1,237,910) |
| ||||||||||||||
| Administrative expenses |
|
| (1,044,275) |
| (891,500) |
| (549,080) |
| (451,640) |
| ||||||||||||||
| Finance costs |
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| (480,666) |
| (611,186) |
| (220,615) |
| (233,825) |
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| Other charges |
|
|
| (848,060) |
| (769,417) |
| (452,269) |
| (414,582) |
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| Other income |
|
|
| 1,284,932 |
| 1,063,428 |
| 664,374 |
| 539,114 |
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| Profit before taxation |
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| 10,095,290 |
| 8,380,531 |
| 5,565,263 |
| 4,618,398 |
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| Taxation |
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| ||||||||||||
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| - current |
|
|
| (2,384,557) |
| (1,920,492) |
| (1,293,564) |
| (1,051,789) |
| ||||||||||||
|
| -deferred |
|
|
| (57,049) |
| 202,442 |
| (100,685) |
| 83,348 |
| ||||||||||||
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|
|
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| (2,441,606) |
| (1,718,050) |
| (1,394,249) |
| (968,441) |
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| Profit after taxation |
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| 7,653,684 |
| 6,662,481 |
| 4,171,014 |
| 3,649,957 |
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| Attributable to: |
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| Owners of the Holding Company |
|
| 7,169,468 |
| 6,268,894 |
| 3,871,653 |
| 3,371,272 |
| ||||||||||||||
| Non-controlling interests |
|
| 484,216 |
| 393,587 |
| 299,361 |
| 278,685 |
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| Total comprehensive income for the period |
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| 7,653,684 |
| 6,662,481 |
| 4,171,014 |
| 3,649,957 |
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| Other comprehensive income for the period: |
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| Foreign exchange differences on translation of foreign operations |
|
|
| 143,259 |
| 4,922 |
| 10,744 |
| (91,054) |
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| Items to be reclassified to profit or loss in subsequent periods: |
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| Loss on hedge during the period |
|
|
| (2,285) |
| - |
| 1,057 |
| - |
| |||||||||||||
| Income tax relating to hedging reserve |
|
|
| 731 |
| - |
| (338) |
| - |
| |||||||||||||
|
|
|
|
|
|
| (1,554) |
| - |
| 719 |
| - |
| |||||||||||
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| Adjustments for amounts transferred to initial carrying amounts of hedged item - capital work-in-progress |
|
| 1,554 |
| - |
| 1,168 |
| - |
| ||||||||||||||
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|
|
|
|
|
|
|
| - |
| |||||||||||||||
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| |||||||||||
|
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|
|
| 7,796,943 |
| 6,667,403 |
| 4,183,645 |
| 3,558,903 |
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| Attributable to: |
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| Owners of the Holding Company |
|
| 7,312,727 |
| 6,273,816 |
| 3,883,455 |
| 3,280,218 |
| ||||||||||||||
| Non-controlling interests |
|
| 484,216 |
| 393,587 |
| 300,190 |
| 278,685 |
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| 7,796,943 |
| 6,667,403 |
| 4,183,645 |
| 3,558,903 |
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| (Rupees) |
| (Rupees) |
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| Earnings per share - basic and diluted |
|
| 22.17 |
| 19.39 |
| 11.97 |
| 10.43 |
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