KARACHI: The following five major companies announced their financial results on Monday.

Lucky Cement posted on a consolidated basis a net profit after tax of Rs11.33 billion after taking out Rs1.02bn attributable to non-controlling interests for the year ending June 30, 2019.

It translated into earnings per share (EPS) of Rs35.03 down from Rs45.83 the previous year. The board announced a final cash dividend of Rs6.50 per share. On a consolidated basis, the company achieved a gross turnover of Rs136.59bn, which was 9.6pc higher than earlier year’s gross turnover at Rs124.68bn.

Fauji Fertiliser Company (FFC) declared EPS at Rs5.30 for the 2Q2019, up 165pc year-on-year on a consolidated basis despite 5pc decline in volumetric urea sales.

Topline attributed higher earnings to increase in urea retention prices and higher DAP margins. The company also declared a cash dividend of Rs2.85 per share, taking the 1H2019 dividend per share to Rs5.35.

Attock Group declared results for its companies. National Refinery Ltd (NRL) reported loss per share at Rs108.70 per share for FY19.

From the E&P sector POL declared its FY19 result, posting an EPS of Rs59.44 per share and a cash payout of Rs30 per share.

Attock Cement annou­nced FY19 PAT at Rs2.07bn and eps at Rs15.09, showing a drop of 53pc year-on-year. The company recommended a final cash dividend of Rs4 per share.

Published in Dawn, July 30th, 2019

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