Lucky Cement Limited (LUCK ): Result review: LUCK 1QFY20 EPS at Rs3.93, down by 52% YoY – By Foundation Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Lucky Cement Limited (LUCK PA) has announced financial result for 1QFY20 with consolidated EPS of Rs3.93 (down by 52%/35% YoY/QoQ). Whereas, its unconsolidated earnings clocked at Rs2.96/sh (down by 61/57% YoY/QoQ).</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The result is slightly below our expectations.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">In 1QFY20, LUCK&rsquo;s consolidated net sales surged by 9% YoY due to jump in sales from ICI Pakistan by 9% YoY that resulted from decent performance across all the businesses. In domestic cement business, net sales dropped by 18% YoY owing to decline in dispatches by 14% YoY (domestic/exports down/up by 19%/3% YoY).</sp...