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News Lucky Cement increases first-quarter profit by 130%

Lucky Cement increases first-quarter profit by 130%

Written by Global Cement staff 27 October 2020
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Pakistan: Lucky Cement recorded a profit of US$13.8m in the first quarter of the 2021 financial year, which begun on 1 July 2020, up by 130% year-on-year from US$5.95m in the first quarter of the 2020 financial year. Net sales rose by 49% to US$89.0m from US$59.8m The cement producer said that the rise resulted from, “a massive recovery in margins amid improvement in retention prices and robust off-take.”

The company added that its upcoming 1.2Mt/yr integrated Samawah cement plant in Iraq is on schedule to begin commercial production in December 2020.

Last modified on 28 October 2020
Published in Global Cement News
Tagged under
  • Pakistan
  • Lucky Cement
  • Results
  • Iraq
  • Plant
  • GCW479

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