LUCK Likely to Announce EPS of PKR 10.31/share for 4QFY18
Lucky Cement Limited (LUCK) is scheduled to announce its 4QFY18 result on July 31, 2018. We expect the company to post unconsolidated earnings of PKR 3,333m (EPS: PKR 10.31) during the quarter, registering a growth of 2% YoY. This will bring the full year earnings to PKR 40.62, down 4% YoY. According to provisional cement dispatches number, company’s total cement dispatches during 4QFY18 registered a growth of 21% YoY. Moreover, although cement price in North region remained higher than the corresponding period last year, we expect gross margin of the company to remain slightly dull as compared to that reported for corresponding period last year due to increase in costs. We expect the company’s cost of sales for 4QFY18 to increase by 25% YoY due to higher production during the quarter and rising coal prices along with PKR depreciation. Further, we expect the company to pay a final dividend of PKR 7/share taking total dividend for FY18 to PKR 12/share.
Lucky Cement is a cement manufacturing and distribution company which is based in Pakistan. Co. is engaged in the manufacture and sale of Ordinary Portland, Sulphate Resistant, and Slag Cement. Co.'s brand names included Lucky Cement, Lucky Star, Lucky Gold, Chairman, and Lucky Sulphate Resistant Cement. Co. maintains production facilities in Pezu (Production capacity: 13,000 tons per day) as well as in Karachi (Production capacity: 8,000 tons per day). In addition, Co. is engaged in developing export markets for bulk loose cement from Pakistan to the Gulf Countries, African Markets, and Far East Region including Nepal & Sri Lanka.
Ismail Iqbal Securities (Private) Limited (IISPL) is a TREC holder of the Pakistan Stock Exchange, as well as an SECP registered Underwriter and Book Runner. IISPL provides comprehensive financial services including Equity Sales, Research on Equities and the Macro-Economy, Investment Advisory, Portfolio Management, Corporate Finance, and extensive services for Private Equity investors. IISPL services a diversified client base, from Institutional to Retail Investors including High Net worth Individuals.
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