Karachi: Lucky Cement Ltd. (LUCK) has recorded its highest-ever quarterly and full-year earnings, with a final dividend of PkR15 per share announced. The company’s standalone earnings for the year reached PkR28.1 billion, a significant increase due to strong revenue performance and substantial other income, including dividends.

According to AKD Securities Limited, the company’s quarterly revenue rose to PkR27.9 billion, up 10% year-over-year, driven by higher average cement prices and a significant boost in exports. Gross margins also improved, benefitting from reduced coal prices and increased cement prices. Other income for the company surged to PkR7.5 billion, mainly attributed to increased dividend income, details of which are pending.

On a consolidated basis, Lucky Cement’s full-year earnings amounted to PkR65.6 billion, marking a 34% increase from the previous year. This growth is credited to a doubling of core income and enhanced income from operations in LEPCL and overseas markets in Iraq and DR Congo. With continued positive performance, AKD Securities maintains a ‘Buy’ rating on Lucky Cement with a target price of PkR1,172 per share.