7. Yunus Brothers (YB)
1962
In 1962, Yunus Brothers Group started as a trading house; exporting cotton yarn to Far-Eastern countries and
gradually added other commodities in its business portfolio. It holds a strong reputation in provision of high
quality products; accompanied with reliability and excellent customer services.
Lucky Textile Mills Limited (LTML)
1983
Lucky Textile Mills Limited took off as a fabric manufacturing concern in 1983. However, it modified its
operations and has currently transformed into a vertically integrated mill, having an annual production capacity
of 60 Million meters. LTML has also exported its products and enjoys a strong presence in the international
markets.
Aziz Tabba Foundation (ATF) 1987
Social activism has always been a hallmark of YB Group. Aziz Tabba Foundation, started in 1983, serves as a
testimony to the philanthropic spirit of the Company’s founders. The Foundation carries out various activities
for the social welfare of the community in areas of health, education and enhancement of economic prosperity.

8. Fazal Textile Mills Limited (FTML)
1962
Fazal Textile Mills Limited is one of the top spinning mills in the country. It specializes in producing Cotton Ring
Spun Yarn. FTML is equipped with state-of-the-art machinery from world’s renowned textile machinery
manufacturers & has the capacity to produce around 150 Metric tons of yarn daily
Gadoon Textile Mills Limited (GTML)
1988
Established in 1988, Gadoon Textile Mills aim was to provide employment to the local natives of the Swabi
District that used to rely on cultivation of poppy and opium on their lands for achieving their livelihood. Thus,
not limited to a profit-making venture, GTML has a socially motivated reason as its essence. GTML holds the
distinction of being the second largest textile mill in the world to introduce Compact Core Spun Yarn. However,
in Pakistan, it’s the largest spinning unit with an approximate number o200,000 spindles under f one roof.
Lucky Cement Limited (LCL) 1993
Lucky Cement Limited is Pakistan’s largest Cement Manufacturing Company with an annual production
capacity of 7.75 million tons. LCL is also Pakistan’s first and largest exporter of loose cement and is the only
cement manufacturer to have a loading and storage terminal at the Karachi Port. Other exclusive attributes
that allow Lucky Cement to stand ahead of its competitors are its unique supply chain function with specialized
loose cement carriers and ship
loaders.

9. ICI Pakistan Limited (ICIP) 2012
Consequent to the acquisition of ICI Omicron B.V. shareholding by Lucky Holdings Limited in 2012, it is part of
the Yunus Brothers Group. ICI Pakistan (formerly ICI Omicron B.V.) manufactures and trades in a diversified
range of products including Polyester Staple Fiber, Soda Ash and Specialty Chemicals. It also markets toll
manufactured Pharmaceuticals and Animal Health products along with a range of Chemicals, Field Crop
Seeds, Vegetable Seeds and other Agri Products. Its four businesses, Soda Ash, Polyester, Life Sciences and
Chemicals manufacture and sell a wide range of industrial and consumer products.
Lucky Energy Private Limited (LEPL)
1993
In 1993, YB Group diversified in the energy sector with the establishment of Lucky Energy, a gas-based
thermal power generation unit. It is equipped with one of the most sophisticated and highly-efficient generators
from Caterpillar, USA. LEPL not only fulfills energy requirements of the Group companies but also sells
electricity to the Government of Pakistan.
Aziz Tabba Kidney Centre (ATKC) 1995
Aziz Tabba Kidney Centre is a centre of excellence that provides cost-effective and state-of-the-art dialysis
facilities to the underprivileged sections of the society. ATKC is also the only centre in Karachi where Hepatitis
B (HB) positive patients are treated separately.

10. Yunus Textile Mills Limited (YTML)
1998
Yunus Textile Mills Limited is the producer and exporter of home textiles and beddings accessories. It is a fully
vertically-integrated textile manufacturing facility, from spinning to stitching, with the annual production
capacity of 100 million meters. Although, the manufacturing facility is based in Karachi, the Company has its
distribution units in USA, Canada, France, United Kingdom and Spain.
Tabba Heart Institute (THI) 2005
Tabba Heart Institute, a state-of-the-art, yet not-for-profit cardiac hospital, was established with the aim to
provide quality services and compassionate care at an affordable cost. THI is a 120–bed cardiac unit equipped
with modern and up to date equipment, with renowned cardiologists and cardiac surgeons.
Lucky Commodities Private Limited (LCPL) 2013
Lucky Commodities Private Limited (LCPL) is one of the leading importers of coal in Pakistan and at present
the largest importer of South African Coal. Last year, it catered to approximately 30% of Pakistan’s coal
market by providing the best quality coal to more than 150 companies in the country. Under the brand
umbrella of Yunus Brothers, the company provides high quality standardized coal to its customers for fulfilling
their energy requirements. Having begun with a focus on coal, it now plans to expand its trade activities in
other energy resources and dry bulk commodities. In a short span of time, Lucky Commodities has acquired a
significant share of Pakistan’s coal market.

17. Lucky Cement (Regular):
Lucky Cement (Regular) is our OPC
brand and sells primarily in the
North region markets of Pakistan.
Lucky Sulphate Resistant Cement:
Developed specially for use along
shorelines and canal-linings, Lucky SRC
sells across the entire country.
Lucky Block Cement:
Developed specially for block
makers with quick setting time,
Lucky Block Cement is an OPC
product which sells primarily in the
Karachi market.
Lucky Raj:
In order to attract the price
conscious consumer, Lucky Raj is an
OPC product introduced in the
Karachi markets.
Lucky Star:
Lucky Star is our OPC brand which sells
primarily in the South region markets
of Pakistan.
Lucky Gold:
Lucky Gold is our OPC brand which
was introduced to penetrate into the
Faisalabad market and which now sells
primarily in Faisalabad and surrounding
areas.

18. S.No Name of Unit
Cement Capacity
(Metric Tons)
1 Lucky Cement Limited (Pezu & Karachi) 7,512,000.00
2 Bestway Cement Limited (Hattar & Chakwal) 5,915,250.00
3 D.G.Khan Cement Limited - (D.G.Khan Chakwal) 4,221,000.00
4 Fauji Cement Company Limited - (Fateh Jang) 3,433,500.00
5 Maple Leaf Cement Factory Limited - (Daudkhel) 3,370,500.00
6 Askari Cement - (Wah & Nizampur) 2,677,500.00
7 Kohat Cement Company Limited - (Kohat) 2,677,500.00
8 GharibWal Cement Limited - (Jehlum) 2,110,500.00
9 Lafarge Pakistan Cement Company Limited - (Chakwal) 2,047,500.00
10 Pioneer Cement Limited - (Khushab) 2,030,250.00
11 Dewan Hattar Cement Limited - (Hattar & Dhabeji) 1,921,500.00
12 Attock Cement (Lasbela) 1,795,500.00
13 Flying Cement (Lilla) 1,197,000.00
14 Cherat Cement (Nowshera) 1,102,500.00
15 Al-Abbas Cement (Dadu) 945,000.00
16 Fecto Cement (Sangjani) 819,000.00
17 Dandot Cement (Jhelum) 504,000.00
18 Thatta Cement (Thatta) 488,250.00
TOTAL 44,768,250.00

19. Our brands are recognized and known as high quality products amongst their
customers.
Asia:
• India
• Sri Lanka
• Central Asian countries
Africa:
• Tanzania
• Madagascar
• Mozambique
• South Africa
• Seychelles
• Comoros
• Kenya

21. Lucky Cement
20%
D.G Khan Cement
15%
Bestway Cement
11%
Maple Leaf
10%
Lafarge Cement
6%
Attock Cement
6%
Kohat Cement
5%
Pioneer Cement
4%
Other Cement
23%

22. TOTAL REVENUE
Rs in million (2013: 37,810.5)
EBITDA
Rs in million (2013: 14,297.5)
PROFIT AFTER TAX
Rs in million (2013: 9,748.8)
EARNING PER
SHARES
Rs (2013: 30.15)
BOOK VALUE PER SHARE
Rs (2013: 126.9)
CURRENT RATIO
Times (2013: 3.38:1)
PRICE/EARNINGS RATIO
Time (2013: 6.96)
43,083.2
16,621.0
11,344.4
35.08
154.0
4.37:1
11.70

24. Note 2014 2013 2012 2011
-------------- Rupees in '000' --------------
Gross Sales 25 51,412,926 43,738,002 39,123,147 31,767,053
Less: Sales tax and Excise duty 7,708,848 5,547,756 5,485,629 5,545,549
Rebates Commission 620,909 379,790 314,983 203,985
8,329,757 5,927,546 5,800,612 5,749,534
Net Sales 43,083,169 37,810,456 33,322,535 26,017,519
Cost of Sales 26 (24,393,064) (21,054,058) (20,601,261) (17,306,400)
Gross Profit 18,690,105 16,756,398 12,721,274 8,711,119
Distribution Costs 27 (3,382,156) (3,664,019) (3,236,721) (3,236,425)
Administrative expenses 28 (760,269) (680,347) (474,135) (313,389)
Finance costs 29 (34,225) (75,829) (253,234) (517,788)
Other charges 30 (1,035,032) (824,834) (438,411) (325,482)
Other income 31 977,942 234,499 5,204 2,486
(4,233,740) (5,010,530) (4,397,297) (4,390,598)
Profit before taxation 14,456,365 11,745,868 8,323,977 4,320,521
Taxation - Current (2,890,619) (269,494) (333,225) (260,175)
Taxation - Deferred (221,343) (1,727,612) (1,208,336) (89,946)
32 (3,111,962) (1,997,106) (1,541,561) (350,121)
Profit after taxation 11,344,403 9,748,762 6,782,416 3,970,400
Other Comprehensive income not to be reclassified to profit and loss account in subsequent period:
Loss on remeasurement of post retirement benefit obligations (912) (45,334) - -
Deferred taxation 249 10,520 - -
(663) (34,814) - -
11,343,740 9,713,948
(Rupees)
Earnings per Share - basic and diluted 33 35.08 30.15 20.97 12.28

25. BAC
2011 2012 2013 2014
EXPORT SALES 11,636,268.00 12,846,106.00 14,720,747.00 15,234,768.00
LOCAL SALES 20,130,785.00 26,277,041.00 29,017,255.00 36,178,158.00
-
10,000,000.00
20,000,000.00
30,000,000.00
40,000,000.00
50,000,000.00
60,000,000.00
GROSS SALES
63%
37%
67%
33%
66%
34%
30%
70%

27. Note 2014 2013 2012 2011
------------------------------- Rupees in '000' ----------------------------
ASSETS
NON-CURRENT ASSETS
Fixed Asset
Property, plant and equipment 5 31,937,211 31,008,392 31,016,532 31,705,156
Intangible Assets 6 27,652 4,711 1,514 1,685
31,964,863 31,013,103 31,018,046 31,706,841
Long term Investment 7 8,127,550 5,619,000
Long term loans and advances 8 72,445 554,305 55,373 55,373
Long term deposits 3,175 3,175 3,175 3,175
40,168,033 37,189,583 31,076,594 31,765,389
CURRENT ASSETS
Stores and spares 9 6,078,915 5,179,055 5,396,220 6,313,584
Stock-in-trade 10 1,638,984 1,431,157 1,276,433 1,248,538
Trade debts 11 2,077,714 1,668,299 1,050,639 620,961
Loans and advances 12 161,625 253,266 148,189 72,164
Trade deposits and short-term prepayment 13 57,699 41,814 67,894 38,669
Other receivables 14 527,052 692,191 105,677 218,884
Investments 110,062
Tax refunds due from Government 15 538,812 538,812 538,812 538,812
Taxation - net - 286,096 126,361 41,652
Cash and bank balances 16 8,519,082 2,805,840 844,422 351,202
19,599,883 13,006,592 9,554,647 9,444,466
TOTAL ASSETS 59,767,916 50,196,175 40,631,241 41,209,855

28. Note 2014 2013 2012 2011
------------------------------- Rupees in '000' ----------------------------
EQUITY AND LIABILITIES
SHARE CAPITAL AND RESERVES
Share Capital 17 3,233,750 3,233,750 3,233,750 3,233,750
Reserves 18 46,558,433 37,801,693 30,027,995 24,539,079
49,792,183 41,035,443 33,261,745 27,772,829
NON-CURRENT LIABILITIES
Long-term finance 19 - 127,498 392,898 658,298
Long-term Deposits 20 67,971 57,125 52,752 37,306
Deferred liabilities 21 5,453,512 5,130,265 3,299,522 2,044,633
5,521,483 5,314,888 3,745,172 2,740,237
CURRENT LIABILITIES
Trade and other payables 22 4,096,255 3,572,282 3,345,605 4,043,689
Taxation – net 257,446
Accrued mark-up 23 3,051 8,162 13,319 85,448
Short-term borrowings 6,302,252
Current maturity of long term finance 19 127,498 265,400 265,400 265,400
4,484,250 3,845,844 3,624,324 10,696,789
TOTAL EQUITY AND LIABILITIES 59,797,916 50,196,175 40,631,241 41,209,855

30. Financial statements analysis is the process of examining relationships among elements of the
company's "accounting statements" or financial statements (balance sheet, income statement,
statement of cash flow and the statement of retained earnings) and making comparisons with
relevant information.
Financial statements analysis is a valuable tool used by investors, creditors, financial analysts,
owners, managers and others in their decision-making process.
The most common known types of financial statements analysis are:
Ratio Analysis: compare items on a single financial statement or examine the relationships
between items on two financial statements.
Horizontal Analysis: financial information are compared for two or more years for a single
company;
Vertical Analysis: each item on a single financial statement is calculated as a percentage of
a total for a single company;
Trend analysis: is a method of analysis that allows traders to predict what will happen with a
stock in the future.

33. Acid Test
Current Ratio
BAC

34. The current ratio is a financial ratio that measures whether or not a firm has enough
resources to pay its debts over the next 12 months. It compares a firm's current
assets to its current liabilities.
2014 2013 2012 2011
Current Ratio =
Total Current Asset 19,599,883 13,006,592 9,554,647 9,444,466
Total Current Liabilities 4,484,250 3,845,844 3,624,324 10,696,789
4.37:1 3.38:1 2.64:1 0.88:1
Comments Here :
Entity has sufficient resources to meet its current obligations. In fact company has
current asset 4 time greater than current liability that shows company has sound
liquidity position. Further it also indicates company is following a conservative
approach towards its fund as sufficient are idle that can be invested in profitable
arena.
BAC

35. The acid test of finance shows how well a company can quickly convert its assets
into cash in order to pay off its current liabilities. It also shows the level of quick
assets to current liabilities.
2014 2013 2012 2011
Acid Test Ratio =
Total Current Asset -
Inventory - Prepaid Expense
11,881,984 6,396,380 2,881,994 1,882,344
Total Current Liabilities 4,484,250 3,845,844 3,624,324 10,696,789
2.65 1.66 0.80 0.18
Comments Here :
Its shows company has ability to meet its current obligation with further delay of time
as inventory and prepayments are not constituting sufficient portion of current
assets. From Business point of view it can provide company a competitive edge.
BAC

36. Asset Turnover
Stock Turnover
Debtor Days
BAC

37. The Asset Turnover is a financial ratio that measures the efficiency of a company's
use of its assets in generating sales revenue or sales income to the company.
Companies with low profit margins tend to have high asset turnover, while those with
high profit margins have low asset turnover.
2014 2013 2012 2011
Asset Turnover =
Net Sales 43,083,169 37,810,456 33,322,535 26,017,519
Total Average Assets 59,797,916 50,196,175 40,631,241 41,209,855
0.72 0.75 0.82 0.63
Comments Here :
Its shows company is generating Rs. 0.72 revenue per rupees of Assets of the
company which is highest Asset efficiency ratio is cement industry.
BAC

38. The Stock Turnover Ratio is a measure of the number of times inventory is sold or
used in a time period such as a year. The equation for inventory turnover equals the
Cost of goods sold divided by the average inventory.
2014 2013 2012 2011
Stock Turnover Ratio =
Cost of Goods Sold 24,393,064 21,054,058 20,601,261 17,306,400
Average Inventory 7,164,056 6,641,433 7,117,388 6,089,612
3.40 3.17 2.89 2.84
Comments Here :
It measure liquidity of inventory which is in running trend a positive stance for the
company. on other hand its also shows inefficient buying of inventory. If the company
buys in bulk it will reduce transportation cost subject to maintaining a balance
between transportation and holding cost.
BAC

39. Debtors Days ratio measures how quickly cash is being collected from debtors. The
longer it takes for a company to collect, the greater the number of debtors days
2014 2013 2012 2011
Debtors Days =
Average Trade
Receivable ×365 Days
1,873,007 1,359,469 835,800 700,133
Annual Credit Sales 43,083,169 37,810,456 33,322,535 26,017,519
15.87 13.12 9.15 9.82
Comments Here :
Company recovery policy is highly commendable as debtors day are very low but
company may also afford higher debtors days by giving relax credit term to attract
more customers that will enhance its revenue.
BAC

40. Profit Margin
Return on Equity
Gross Profit Margin
Profit in Relation to Sales/Assets
BAC

41. The Profit Margin is an accounting measure designed to gauge the financial health
of a business or industry. In general, it is defined as the ratio of profits earned to total
sales receipts (or costs) over some defined period.
2014 2013 2012 2011
Profit Margin =
Net income 11,344,403 9,748,762 6,782,416 3,970,400
Net Sales (Revenue) 43,083,169 37,810,456 33,322,535 26,017,519
26.33% 25.78% 20.35% 15.26%
Comments Here :
Company has very appropriate profit margin which is consistent over the cost per
and as compared to industry profit margin is very ideal in current economic
conditions. Most of the companies total revenue is absurd by transportation faced
and power expense under the head of cost of sales which are company's core
expenses further the distributes cost is very high which can be minimized by efficient
planning and process.
BAC

42. 2009 2010 2011 2012 2013 2014
SALES 26,330,404 24,508,793 26,017,519 33,322,535 37,810,456 43,083,169
NET INCOME 4,596,549 3,137,457 3,970,400 6,782,416 9,713,948 11,343,740
-
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
40,000,000
45,000,000
50,000,000
RELATION OF SALES AND NET INCOME
BAC

43. The Gross Profit Margin expresses the gross profit as a proportion of sales. The
gross profit margin ratio is used as one indicator of a business's financial health. It shows how efficiently a
business is using its materials and labour in the production process and gives an indication of the pricing,
cost structure, and production efficiency of your business. The higher the gross profit margin ratio the better.
2014 2013 2012 2011
Gross Profit Margin =
Gross Profit
×100
18,690,105 16,756,398 12,721,274 8,711,119
Net Sales (Revenue) 43,083,169 37,810,456 33,322,535 26,017,519
43.38% 44.32% 38.18% 33.48%
Comments Here :
Gross profit shows rising trend over history but not ideal. It can further be better.
Factors that contributed to improve gross profit margin are use of alternative energy
sources to overcome furnace and coal usage. Also installation of waste heat
recovery project helped to overcome power cost and attributed to an increase in
gross profit
BAC

44. Return on Equity is a profitability ratio. It measures the return that an investment
generates for capital contributors, i.e. bondholders and stockholders. Return on
capital indicates how effective a company is at turning capital into profits.
2014 2013 2012 2011
Return on Equity =
Net income
×100
11,343,740 9,713,948 6,782,416 3,970,400
Shareholders Equity 49,792,183 41,035,443 33,261,745 27,772,829
22.78% 23.67% 20.39% 14.30%
Comments Here :
In cement industry 25% is considered to be the most appropriate figure, The
company is more close to it. It is one of the reason to attract more investor interest in
the company.
BAC

45. Earnings per Share
Dividend Yield
Price Earning Ratio
Dividend Payout Ratio
Dividend Cover Ratio
BAC

46. Earnings per share (EPS) is the portion of a company's profit that is allocated to
each outstanding share of common stock, serving as an indicator of the company's
profitability
2014 2013 2012 2011
Earning Per Shares =
Net income - Preferred
Dividends
11,344,403 9,748,762 6,782,416 3,970,400
Common Outstanding
Shares
32,337,500 32,337,500 32,337,500 32,337,500
35.08 30.15 20.97 12.28
Comments Here :
A higher EPS is the sign of higher earnings and company has strong financial
position.
BAC

47. BAC
0.00%
0.01%
0.01%
0.02%
0.02%
0.03%
0.03%
0.04%
0.04%
2009
2010
2011
2012
2013
2014
Earning Per Shares

48. The Price Earnings Ratio (P/E) is a valuation method used to compare a
company’s current share price to its per-share earnings.
2014 2013 2012 2011
Price Earning Ratio =
Market Value Per Shares 410.45 209.82 115.36 70.84
Earning Per Shares 35.08 30.15 20.97 12.28
11.70 6.96 5.50 5.77
Comments Here :
Earnings per share increased from Rs 5.77 in 2011 to Rs 11.70 with an increase of
103%. Company with a high P/E ratio its indicate positive future performance and
investors are willing to pay more for company's shares.
BAC

49. A Dividend Yield expressed as a percentage of a current share price.
2014 2013 2012 2011
Dividend Yield =
Cash Dividend Per
Shares
9.00 8.00 6.00 4.00
Market Value Per Shares 410.45 209.82 115.36 70.84
2.19% 3.81% 5.20% 5.65%
Comments Here :
A company might be paying out a relatively high, say 25.65%, of its earnings to
investors, but if the dividend payments are too low as compared to its current share
price.
BAC

50. Dividend Payout Ratio the percentage of earnings paid to shareholders in
dividends.
2014 2013 2012 2011
Dividend Payout Ratio =
Total Dividends 2,909,839.00 2,587,321.00 1,940,449.001,293,556.00
Net Income 11,344,403.00 9,748,762.00 6,782,416.003,970,400.00
25.65% 26.54% 28.61% 32.58%
Comments Here :
A low dividend payout ratio means the company is keeping a large portion of its
earnings for growth in future.
BAC

51. Dividend Cover Ratio states the number of times an organization is capable of
paying dividends to shareholders from the profits earned during an accounting
period.
2014 2013 2012 2011
Dividend Cover Ratio =
Profit After Tax - Dividend
paid on Irredeemable
Preference Shares
11,344,403.00 9,748,762.00 6,782,416.003,970,400.00
Dividend paid to
Ordinary Shareholders
2,909,839.00 2,587,321.00 1,940,449.001,293,556.00
3.90 3.77 3.50 3.07
Comments Here :
Companies with reinvestment opportunities and a high rate of return on assets
usually keep a large portion of earnings in the business
BAC

52. Financial Position
High gearing – Loans > Capital
Debt to Equity Ratio
BAC

53. The Debt-to-Equity Ratio (D/E) is a financial ratio indicating the relative proportion
of shareholders' equity and debt used to finance a company's assets. Closely related to
leveraging, the ratio is also known as Risk, Gearing or Leverage.
2014 2013 2012 2011
Debt to Equity Ratio =
Total Liabilities 10,005,733 9,160,732 7,369,496 13,437,026
Share Holder Equity 49,792,183 41,035,443 33,261,745 41,209,885
0.20 0.22 0.22 0.33
Comments Here :
Its depict gearing is very low and occurs stake in the company is very high.
Company used to mostly retain large portion of its profit with payment of
comparatively small portion as dividend. It is also evident from revenue remain of
Rs. 11.9 Billion. Again the company following very conservative approach it can take
more risk expose to maximize it profit.
BAC

55. 2013-14 % 2012-13 % 2011-12 % 2010-11 %
Rupees in Million
Turnover 43,083.17 37,810.45 33,322.53 26,017.52
Cost of sales and services (24,393.06) 57% (21,054.05) 56% (20,601.26) 62% (17,306.40) 67%
Gross profit 18,690.11 43% 16,756.40 44% 12,721.27 38% 8,711.12 33%
Administrative expenses (760.27) 2% (680.34) 2% (474.14) 1% (313.39) 1%
Other Charges (4,451.41) 10% (4,564.68) 12% (3,928.37) 12% (4,079.70) 16%
Operating profit 13,478.43 31% 11,511.38 30% 8,318.76 25% 4,318.03 17%
Other Operating income 977.94 2% 234.49 1% 5.21 0% 2.49 0%
Profit before taxation 14,456.37 34% 11,745.87 31% 8,323.97 25% 4,320.52 17%
Taxation (3,111.96) 7% (1,997.11) 5% (1,541.56) 5% (350.12) 1%
Profit after taxation 11,344.41 26% 9,748.76 26% 6,782.41 20% 3,970.40 15%

57. 2013-14 % 2012-13 % 2011-12 % 2010-11
Rupees in Million
Turnover 43,083.17 14% 37,810.45 13% 33,322.53 28% 26,017.52
Cost of sales and services (24,393.06) 16% (21,054.05) 2% (20,601.26) 19% (17,306.40)
Gross profit 18,690.11 12% 16,756.40 32% 12,721.27 46% 8,711.12
Administrative expenses (760.27) 12% (680.34) 43% (474.14) 51% (313.39)
Other Charges (4,451.41) -2% (4,564.68) 16% (3,928.37) -4% (4,079.70)
Operating profit 13,478.43 17% 11,511.38 38% 8,318.76 93% 4,318.03
Other Operating income 977.94 317% 234.49 4401% 5.21 109% 2.49
Profit before taxation 14,456.37 23% 11,745.87 41% 8,323.97 93% 4,320.52
Taxation (3,111.96) 56% (1,997.11) 30% (1,541.56) 340% (350.12)
Profit after taxation 11,344.41 16% 9,748.76 44% 6,782.41 71% 3,970.40

59. 2013-14 % 2012-13 % 2011-12 % 2010-11
Assets Rs in ''000''
Non Current Assets 40,168,033 8% 37,189,583 20% 31,076,594 -2% 31,765,389
(Property Plant & Equipment, Long Term Advances, Long Term Deposits)
Current Assets 19,599,883 51% 13,006,592 36% 9,554,647 1% 9,444,466
(Stores and Spares, Investments, Cash and Bank Balances, Trade Debts, etc)
Total Assets 59,767,916 19% 50,196,175 24% 40,631,241 -1% 41,209,855
Liabilities
Non Current Liabilities 5,521,483 4% 5,314,888 42% 3,745,172 37% 2,740,237
(Long Term Finance, Deferred Liabilities, Due to Contractees, Govt. Grant etc)
Current Liabilities 4,484,250 17% 3,845,844 6% 3,624,324 -66% 10,696,789
(Current Maturity of Loan, Taxation, Trade & other payables, etc)
Total Liabilities 10,005,733 9% 9,160,732 24% 7,369,496 -45% 13,437,026
Assets less Liabilities 49,762,183 21% 41,035,443 23% 33,261,745 20% 27,772,829

60. 2013-14 % 2012-13 % 2011-12 % 2010-11
EQUITY Rs in ''000''
Share Capital 3,233,750 0% 3,233,750 0.00% 3,233,750 0% 3,233,750
Reserves 46,558,433 23% 37,801,693 26% 30,027,995 22% 24,539,079
Net Worth 49,792,183 21% 41,035,443 23% 33,261,745 20% 27,772,829

62. PROFIT AND LOSS ACCOUNT
(VERTICAL ANALYSIS)
Lucky Cement Ltd D.G. Khan Cement Ltd Attock Cement Ltd Bestway Cement Ltd
2013-14 Variance 2013-14 Variance 2013-14 Variance 2013-14 Variance
Rupees in Million Rupees in Million Rupees in Million Rupees in Million
Sales 43,083 26,543 12,547 18,969
Cost of sales (24,393) -57% (17,285) -65% (8,843) -70% (12,446) -66%
Gross profit 18,690 43% 9,258 35% 3,704 30% 6,523 34%
Other operating expense (4,234) -10% (1,406) -5% (1,069) -9% (2,933) -15%
Operating profit 14,456 34% 7,851 30% 2,635 21% 3,590 19%
Profit before taxation (3,112) -7% (1,886) -7% (621) -5% (760) -4%
Profit after taxation 11,344 26% 5,965 22% 2,014 16% 2,830 15%
Earning Per Share Rs. 35.08 Rs. 13.62 Rs. 17.59 Rs. 5.36

63. Lucky Cement
D.G Khan Cement
Bestway Cement
Attock Cement
Lucky Cement D.G Khan Cement Bestway Cement Attock Cement
SALES 43,083.00 26,543.00 18,969.00 12,547.00
BAC

65. PROFIT AND LOSS ACCOUNT
(HORIZONTAL ANALYSIS)
Lucky Cement Ltd Variance
D.G. Khan
Cement Ltd
Lucky Cement Ltd Variance
Attock
Cement Ltd
2013-14 2013-14
Rupees in Million Rupees in Million
Sales 43,083 62% 26,543 43,083 243% 12,547
Cost of sales (24,393) 41% (17,285) (24,393) 176% (8,843)
Gross profit 18,690 102% 9,258 18,690 405% 3,704
Other operating expense (4,234) 201% (1,406) (4,234) 296% (1,069)
Operating profit 14,456 84% 7,851 14,456 449% 2,635
Profit before taxation (3,112) 65% (1,886) (3,112) 401% (621)
Profit after taxation 11,344 90% 5,965 11,344 463% 2,014
Earning Per Share Rs. 35.08 Rs. 13.62 Rs. 35.08 Rs. 17.59

66. 1. Holding and growing local dominance
Further reinforcing our strength is what we keep in focus when designing
our business strategies for the local market.
2. Increasing our share in the international market
Broadening our horizons, we have engaged our resources to the
unconventional markets to become accessible to the construction industry
worldwide.
3. Efficiency (in terms of cost, energy and resource utilization)
Efficiency is reflected in all our business approaches, giving us an edge
over our competitors in cost and energy, by the skillful utilization of
resources.

67. 4. Sustainable Development (In terms of environmental and social
responsibility)
We believe in giving back to the communities we operate in and to the
society at large. We endeavor to stimulate environmental awareness
among the stakeholders and have a broad vision for the sustainable world.
5. HR Excellence
We believe in people development. Our Human Resource is our asset and
an important factor in our success. Our Intellectual Capital provides a
framework that serves as a guiding force for the organization as a whole.

69. A Trend analysis is a method of analysis that allows traders to predict what
will happen with a stock in the future.
Trend analysis is based on historical data about the stock's performance
given the overall trends of the market and particular indicators within the
market.
How it works/Example:
A trend analysis is a method of analysis that allows traders to predict
what will happen with a stock in the future. Trend analysis is based on
historical data about the stock's performance given the overall trends of
the market and particular indicators within the market.
Trend analysis takes into account historical data points for a stock and,
controlling for other factors like the general changes in the sector, market
conditions, competition for similar stocks, it allows traders to forecast short,
intermediate, and long term possibilities for the stock.

70. 2014 2013 2012 2011
Sales =
Sales Index Year
×100
43,083,169.00 37,810,456.00 33,322,535.00 26,017,519.00
Sales Base Year 26,017,519.00 26,017,519.00 26,017,519.00 26,017,519.00
166% 145% 128% 100%
Cost of Sales =
Cost of Sales Index Year
×100
24,393,064.00 21,054,058.00 20,601,261.00 17,306,400.00
Cost of Sales Base Year 17,306,400.00 17,306,400.00 17,306,400.00 17,306,400.00
141% 122% 119% 100%
Gross Profit =
Gross Profit Index Year
×100
18,690,105.00 16,756,398.00 12,721,274.00 8,711,119.00
Gross Profit Base Year 8,711,119.00 8,711,119.00 8,711,119.00 8,711,119.00
215% 192% 146% 100%

71. 2014 2013 2012 2011
Distribution Cost =
Distribution Cost Index Year
×100
3,382,156.00 3,664,019.00 3,236,721.00 3,236,424.00
Distribution Cost Base Year 3,236,424.00 3,236,424.00 3,236,424.00 3,236,424.00
105% 113% 100% 100%
Administrative Exp=
Administrative Exp Index Year
×100
760,269.00 680,347.00 474,135.00 313,389.00
Administrative Exp Base Year 313,389.00 313,389.00 313,389.00 313,389.00
243% 217% 151% 100%
Finance Costs =
Finance Costs Index Year
×100
34,225.00 75,829.00 253,234.00 517,788.00
Finance Costs Base Year 517,788.00 517,788.00 517,788.00 517,788.00
7% 15% 49% 100%

72. 2014 2013 2012 2011
Other Charges =
Other Charges Index Year
×100
1,035,032.00 824,834.00 438,411.00 325,482.00
Other Charges Base Year 325,482.00 325,482.00 325,482.00 325,482.00
318% 253% 135% 100%
Other Income =
Other Income Index Year
×100
977,942.00 234,499.00 5,204.00 2,486.00
Other Income Base Year 2,486.00 2,486.00 2,486.00 2,486.00
39338% 9433% 209% 100%
Profit Before Tax =
Profit Before Tax Index Year
×100
14,456,365.00 11,745,868.00 8,323,977.00 4,320,521.00
Profit Before Tax Base Year 4,320,521.00 4,320,521.00 4,320,521.00 4,320,521.00
335% 272% 193% 100%

73. 2014 2013 2012 2011
Taxation =
Taxation Index Year
×100
3,111,962.00 1,997,106.00 1,541,561.00 350,121.00
Taxation Base Year 350,121.00 350,121.00 350,121.00 350,121.00
889% 570% 440% 100%
Profit After Tax =
Profit After Tax Index Year
×100
11,344,403.00 9,748,762.00 6,782,416.00 3,970,400.00
Profit After Tax Base Year 3,970,400.00 3,970,400.00 3,970,400.00 3,970,400.00
286% 246% 171% 100%

74. Lucky Cement Limited is one of the largest cement company in
Pakistan is financial performance 2012 is so good as compared to
the previous years. Company management is so strong and
strategies that are used is very useful for the company betterment
and its growth.
Due to state issues like electricity, gas and other factors not effect
on the company performance but also company dramatically
company growth going high. Company should grow their business
as multinational and export the product in the other countries.