Economy & Market
Pakistan's Lucky Cement reports profit of PKR 4.33 billion
Pakistani cement manufacturer Lucky Cement has posted a net profit of PKR 4.33 billion in Q3 (ended March 31st). The performance is up 4 per cent that the company had earned in the corresponding year-ago period.
However, the company faces some headwinds... a substantial export drop, price competition, unanticipated increase in gas and coal prices, and a delay in installation of a 660-MW thermal power plant and delay in commencement of brownfield and greenfield cement lines.