Lucky Core Profits Up 101%
Lucky Core Industries reported strong financial results for the fiscal year ended June 30, 2023. The company's net turnover increased by 26% to Rs109.5 billion, while its profit after tax increased by 101% to Rs17.8 billion. Lucky Core also declared a final cash dividend of 330%.
Karobar
Lucky Core results
According to a news statement, Lucky Core Industries declared a final cash dividend of 330 percent in its financial results for the fiscal year that concluded on June 30. In the course of the year, the firm entered into a share purchase agreement with Morinaga Milk Industry for the partial sale of around 26.5 percent of NutriCo Morinaga's issued and paid-up share capital.
Lucky Core reported significant increase for all important parameters. LCI recorded a net turnover of Rs109.5 billion on a consolidated basis (including the results of the company's subsidiary Lucky Core PowerGen Limited), up 26% from the same time last year. In comparison to the SPLY, the consolidated operating result increased by 24 percent to Rs14.8 billion.
With regard to both ongoing and terminated businesses, profit after tax for the reviewed fiscal year was Rs17.8 billion, a notable 101 percent increase over the SPLY. In addition, the earnings per share increased by an amazing 107 percent over the SPLY to Rs190.
