Karachi, October, 2024 : Following the meeting of the Board of Directors, Lucky Core Industries Limited (the ‘Company’) announced its financial results for the quarter ended September 30, 2024. Financial Highlights
? On a consolidated basis, Net Turnover for the quarter under review at PKR 30,729 million is higher by
6% over the same period last year (SPLY). The consolidated Operating Result stood at PKR 4,238 million, which is higher by 3% in comparison to the SPLY. On a consolidated basis, PAT for the quarter at PKR 2,624 million and EPS attributable to the owners of the holding company at PKR 28.41 are both 3% higher than the SPLY.
? On a standalone basis, PAT and EPS for the quarter under review at PKR 2,595 million and PKR 28.10 respectively are 3% higher than the SPLY. PAT, primarily, has been impacted by higher tax incidence
following changes in the Federal Budget FY 2024-25 whereby exports have been reclassified under the
Normal Tax Regime as opposed to a Fixed Tax Regime in the SPLY. Following the announcements of results, LCI’s Chief Executive Mr. Asif Jooma said, “Despite macroeconomic headwinds from higher costs of doing business, taxes, and interest rates, LCI continues to navigate these challenges by constant focus on strategic portfolio diversification, effective margin management, and operational efficiencies, ensuring sustained resilience”.
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