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News Lucky Cement’s nine-month sales and profit rise in 2022 financial year

Lucky Cement’s nine-month sales and profit rise in 2022 financial year

Written by Global Cement staff 29 April 2022
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Pakistan: Lucky Cement has recorded nine-month sales of US$1.17bn in its 2022 financial year, up by 38% year-on-year from US$846m in the corresponding period of 2021. The company’s consolidated cement volumes fell by 7.1% to 7.07Mt, while its unconsolidated cement volumes fell by 3.4% to 5.51Mt. Unconsolidated costs per tonne of cement rose by 49%. Explaining its net sales growth, the company noted the ‘impressive’ performance of its overseas cement business, which includes a stake in Democratic Republic of Congo-based Nyumba Ya Akiba Cement. Lucky Cement’s profit after tax for the period was US$143m, up by 20% from US$119m.

Lucky Cement says that a cement plant expansion in Khyber Pakhtunkhwa is progressing and on-schedule for completion in 2022.

Last modified on 04 May 2022
Published in Global Cement News
Tagged under
  • Lucky Cement
  • Results
  • Pakistan
  • volumes
  • costs
  • Democratic Republic of Congo
  • Nyumba Cement
  • Nyumba Ya Akiba Cement
  • Expansion
  • GCW555

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