Islamabad, Aug 6: In contrast to a loss after tax of Rs. 4.4 billion during the same time last year, Lucky Core Industries Limited reported a profit after tax (PAT) of Rs. 3.2 billion in its 4QFY24 financial statement, which was released today.With this, the FY24 earnings are down 37% YoY to Rs. 11.2 billion. Additionally, the firm declared a cash dividend of Rs. 33.0 per share, bringing the payout per share for the entire year to Rs. 60.
In a quick assessment, Arif Habib Limited stated that during FY24, net sales rose by 10% YoY to Rs. 120.6 billion as a result of greater sales in all segments, which helped to support the overall increase. Sales just slightly increased year over year in 4QFY24, up 1% YoY.
In a quick assessment, Arif Habib Limited stated that during FY24, net sales rose by 10% YoY to Rs. 120.6 billion as a result of greater sales in all segments, which helped to support the overall increase. Sales just slightly increased year over year in 4QFY24, up 1% YoY. In FY24, gross margins increased by 190 basis points year over year to 22.4 percent as a result of an increase in sales prices.
In the midst of the Pakistani Rupee’s comeback against the US dollar during FY24, LCI had an exchange gain of Rs. 116 million as opposed to an exchange loss of Rs. 966 million in SPLY. Due to increasing income from cash and cash balances, the company’s other income increased by 2.1x YoY to Rs. 3.75 billion in FY24. On the other hand, the other income decreased by 7% YoY to Rs. 805 million in the 4QFY24.
The company’s financing expenditures increased by 23% YoY to Rs. 3.5 billion in FY24 as a result of rising interest rates. Compared to 36% in FY23, the company recorded effective taxation of 32% in FY24. In FY24, the company reported earnings per share of Rs. 120.73, up from Rs. 190.15 in FY23. LCI’s share price on the exchange was Rs. 935.1 at the time of reporting, down 0.41 percent or Rs. 3.9 on Tuesday with 1,899 shares traded.
