Corporate Result: LOTCHEM earnings increased by 24.9%

0
571

Lotte Chemical Pakistan Limited (LOTCHEM) has announced its financial results for the year ended December 31, 2019. As per results, the company has posted its Profit After Taxation of Rs. 5.54 billion (EPS: 3.66) i.e. 24.9% higher than the same period of last year.

The other income of the company was increased by 138% to Rs. 1.22 Bn higher than the same period of last year i.e. Rs. 505 Mn. Furthermore the Finance cost of the company has also declined to Rs. 154.4 Mn which was recorded at Rs. 505.1 Mn during the same period of last year.

During the period under review, the company’s Net Sales were recorded at Rs. 60.5 Bn i.e. 5.46% higher than the same period of last year.

LOTCHEM – Annual Result

EPS 2019 = 3.66 PKR
EPS 2018 = 2.93 PKR

Cash Dividend = NIL
Bonus Share = NIL

Lotte Chemical Pakistan Limited was incorporated in Pakistan on 30 May 1998. It is engaged in the manufacture and sale of Pure Terephthalic Acid (PTA).