Lucky Cement Company (LUCK) announced results of third quarter of current fiscal year earning per share rose to Rs 21.6 as against Rs14.5 in the same period last year, up 49 per cent. Despite volumetric variance 1per cent, top line of the company grew by 16 per cent to Rs 27.7bn as against Rs 23.9b during the corresponding period last year due to sharp increase in cement prices. Revenue per bag of the company rose by 14per cent to Rs313 as against Rs 274 during the same period previous year. Cost per bag on the other hand inched up by 3 per cent. This resulted in gross margins expansion by 6pps to 44 per cent. Other income was realized at Rs 196mn during the current year as against Rs3mn during same period previous year. In 3QFY13 the company posted profit of Rs2.7bn as against Rs2.3bn in 2QFY13, up 18 per cent while is up 61 per cent as against Rs1.7bn in the same period last year.
