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News Lucky Cement increases sales and profit in first half of 2022 financial year

Lucky Cement increases sales and profit in first half of 2022 financial year

Written by Global Cement Staff 31 January 2022
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Pakistan: Lucky Cement increased its standalone first-half sales in the 2022 financial year by 20% year-on-year to US$2.87bn from US$2.39bn in the first half of the 2021 financial year. This was despite a 5.9% year-on-year decline in cement volumes to 4.7Mt. Domestic cement sales increased by 0.8% to 3.66Mt from 3.63Mt, while exports fell by 20% to 1.07Mt from 1.34Mt.

The Business Recorder newspaper has reported that the company increased its consolidated net profit by 27% year-on-year. Its consolidated profit after tax was US$972m in the first half of the 2022 financial year.

Last modified on 02 February 2022
Published in Global Cement News
Tagged under
  • Pakistan
  • Lucky Cement
  • Sales
  • Results
  • volumes
  • growth
  • GCW542

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