By: DIN Capital Pvt Limited
+92- 3246 8741
The financial result of Lucky cement Limited (LUCK) for 1QFY15 is scheduled to be announced on 30th Oct 2014. We anticipate the company to announce earnings of PKR 2.87bn during the current quarter as compared to PKR 2.54bn in 1QFY14 thereby translating in EPS of PKR 8.90 as against PKR 7.87 in 1QFY14. The bottom line growth is mainly due to increase in retention prices and volumetric sales.
The sales volume of the company is estimated to increase by 10%YoY to 1.64mn tons owing to 17%YoY surge in local sales. However, export sales are expected to remain stagnant with unimpressive results due to lower demand from Afghanistan. This will translate in topline to elevate at PKR 10.99bn as against PKR 9.33bn last year during the same period.
The Company has no long term debt which will ease out financing cost. Similarly, huge cash balance of lucky is expected to increase its interest income additionally supply of electricity to HESCO will also increase its non operating income.
On sequential basis, earnings are estimated to decline to PKR 2.87bn as against PKR 3.15bn in previous quarter. This will result in decline in EPS to PKR 8.90, down by 9%.