Lucky Cement (PSX:LUCK) announced a very good result thanks mostly to the stable USD/PKR rate for the past ten months and global oil prices. Richard Bay Coal prices has also come down to settle just above 100 USD price and that has been stable.
Gross profit has increased by nearly 35% after a very quiet year for the construction industry with no big projects announced. Finance cost and Taxation have increased but that is understandable due to the current interest rates and the high tax on companies to pump up revenue for the government.
Investors would welcome the Rs.15 dividend announced by the company.
You can read more about the results of the company here
Lucky Cement announces Rs.15 cash dividend for FY 2024-25