lucky cement -gdr 144a (LUCKY:OTC US)
lucky cement -gdr 144a (LUCKY) Key Developments
Lucky Cement Ltd. announced earnings results for the third quarter and nine months of fiscal 2013. The company booked profits of PKR 7 billion or EPS of PKR 21.59 against PKR 4.7 billion or EPS of PKR 14.49 in the nine months of 2012 - an increase of 49% year-on-year. The result is above its expectations (EPS of PKR 20.44) mainly due to lower effective tax on account of deferred tax. They said the company revenues increased by 16% year-on-year in the nine months of fiscal 2013, on the back of a 14% year-on-year jump in net retention price. In third quarter alone, the company posted a PAT of PKR 2.7 billion or EPS of PKR 8.32, translating into a growth of 18% quarter-on-quarter and 61% year-on-year.
Lucky Cement Ltd. announced that they will report Q3, 2013 results on Apr 29, 2013
Lucky Cement Ltd., Board Meeting, Apr 29, 2013., at 12:00 Pakistan Standard Time. Agenda: To consider third quarterly accounts for the period ended March 31, 2013.
Lucky Cement Ltd. has appointed Mr. Muhammad Faisal as the Chief Financial Officer (CFO) and Chief Investment Officer (CIO) of the company to replace Mr. Muhammad Abid Ganatra. The effective date is March 09, 2013.
Lucky Cement Ltd. announced unaudited earnings results for the second quarter and half year ended December 31, 2012. For the quarter, the company reported net sales of PKR 8,658,798,000 compared to PKR 7,878,130,000 a year ago. Profit before taxation was PKR 2,605,449,000 compared to PKR 1,777,449,000 a year ago. Profit after taxation was PKR 2,275,948,000 compared to PKR 1,512,527,000 a year ago. Basic and diluted EPS was PKR 7.04 compared to PKR 4.68 a year ago. For the half year, the company reported net sales of PKR 17,510,603,000 compared to PKR 15,374,219,000 a year ago. Profit before taxation was PKR 5,165,227,000 compared to PKR 3,480,201,000 a year ago. Profit after taxation was PKR 4,290,204,000 compared to PKR 3,018,123,000 a year ago. Basic and diluted EPS was PKR 13.27 compared to PKR 9.33 a year ago.
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Industry Analysis
LUCKY
Industry Average
| Valuation | LUCKY | Industry Range |
| Price/Earnings | 6.4x |
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| Price/Sales | 1.6x |
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| Price/Book | 1.5x |
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| Price/Cash Flow | 6.4x |
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| TEV/Sales | 1.5x |
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