Lucky Core Industries Management

Management criteria checks 2/4

Lucky Core Industries' CEO is Asif Jooma, appointed in Feb 2013, has a tenure of 11.25 years. directly owns 2.53% of the company’s shares, worth PKR1.88B. The average tenure of the management team and the board of directors is 2 years and 11.4 years respectively.

Key information

Asif Jooma

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	11.3yrs
CEO ownership	2.5%
Management average tenure	2yrs
Board average tenure	11.4yrs

Recent management updates

Recent updates

CEO

Asif Jooma

11.3yrs

Tenure

Mr. Asif Jooma has been Independent Director of International Industries Limited since March 16, 2021. He had been an Independent Director of Systems Limited since March 18, 2015. He had been Non-Executive...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Asif Jooma	CEO & Director	11.3yrs	no data	2.53% PKR 1.9b
Atif Aboobukar	Chief Financial Officer	3.6yrs	no data	no data
Laila Bawany	Chief Legal Officer & Company Secretary	2.8yrs	no data	no data
Sabahat Saqib	Corporate Communication & Public Affairs Manager	no data	no data	no data
Muhammad Rasheed	Chief People Officer	2yrs	no data	no data
Eqan Khan	Chief Strategy & Innovation Officer	1.3yrs	no data	no data
Khalid Khan	Head of Internal Audit	2.9yrs	no data	no data
Nauman Afzal	Chief Operating Officer of Chemicals & Agri Sciences Business	1.3yrs	no data	no data
Aamer Malik	Chief Operating Officer of Pharmaceuticals Business	1.3yrs	no data	no data
Muhammad Shah	Manager Sustainability & HSE	no data	no data	no data
Rizwan Chaudhry	Chief Operating Officer of Polyester Business	less than a year	no data	no data

2.0yrs

Average Tenure

Experienced Management: LCI's management team is considered experienced (2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Asif Jooma	CEO & Director	11.4yrs	no data	2.53% PKR 1.9b
Muhammad Sohail M. Tabba	Non-Executive Chairman	11.4yrs	no data	no data
Ariful Islam	Independent Director	less than a year	no data	no data
Adnan Afridi	Independent Director	less than a year	no data	0.00011% PKR 81.6k
Muhammad Tabba	Non-Executive Vice Chairman	11.4yrs	no data	no data
Amina Abdul Bawany	Non-Executive Director	11.4yrs	no data	no data
Syed Muhammad Zaidi	Independent Director	4yrs	no data	0.00011% PKR 81.6k

11.4yrs

Average Tenure

Experienced Board: LCI's board of directors are seasoned and experienced ( 11.4 years average tenure).

Lucky Core Industries Management

Management criteria checks 2/4

Key information

Recent management updates

Lucky Core Industries Limited Announces Director Changes

Lucky Core Industries Limited Accepts the Resignation of Muhammad Abid Ganatra as Executive Director

Less than half of directors are independent

Less than half of directors are independent

ICI Pakistan Limited Announces Executive Changes

Recent updates

Third quarter 2024 earnings released: EPS: PK₨31.36 (vs PK₨19.97 in 3Q 2023)

Lucky Core Industries Limited Announces Director Changes

Lucky Core Industries Limited Accepts the Resignation of Muhammad Abid Ganatra as Executive Director

Dividend increased to PK₨27.00

First quarter 2024 earnings released: EPS: PK₨27.48 (vs PK₨16.40 in 1Q 2023)

Upcoming dividend of PK₨33.00 per share at 7.1% yield

New minor risk - Dividend sustainability

Full year 2023 earnings released: EPS: PK₨80.88 (vs PK₨91.66 in FY 2022)

Price target decreased by 12% to PK₨883

Upcoming dividend of PK₨10.00 per share at 5.7% yield

Morinaga Milk Industry Co., Ltd. (TSE:2264) completed the acquisition of additional 33.27% stake in Nutrico Morinaga (Private) Limited from ICI Pakistan Limited (KASE:ICI) and 11 minority shareholders.

Less than half of directors are independent

Upcoming dividend of PK₨15.00 per share

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target increased to PK₨1,065

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

Less than half of directors are independent

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

Upcoming dividend of PK₨20.00 per share

First quarter 2022 earnings released: EPS PK₨39.00 (vs PK₨10.66 in 1Q 2021)

Full year 2021 earnings released: EPS PK₨60.30 (vs PK₨28.14 in FY 2020)

Upcoming dividend of PK₨20.00 per share

General Counsel, Head of Legal & Corporate Communications and Public Affairs Nausheen Ahmad has left the company

Full year 2021 earnings released: EPS PK₨60.30 (vs PK₨27.37 in FY 2020)

Price target increased to PK₨967

Third quarter 2020 earnings released: EPS PK₨5.76 (vs PK₨10.27 in 3Q 2019)

Price target raised to PK₨901

Third quarter 2020 earnings released: EPS PK₨7.46 (vs PK₨8.16 in 3Q 2019)

Upcoming Dividend of PK₨20.00 Per Share

New 90-day high: PK₨780

New 90-day high: PK₨748

ICI Pakistan Limited Announces Executive Changes

New 90-day low: PK₨679

Upcoming Dividend of PK₨5.00 Per Share

New 90-day high - PK₨790

CEO

Tenure

Leadership Team

Average Tenure

Board Members

Average Tenure