Noventra (LOTCHEM) profit surges nearly six-fold to Rs5bn in 9MCY26

October 15, 2026 (MLN): Profit after taxation of Noventra Limited (formerly LOTTE Chemical Pakistan Limited) (PSX: LOTCHEM) rose nearly six-fold to Rs4.85bn for the nine months ended September 30, 2026 (9MCY26), compared with Rs835.87m in the same period last year.

Basic and diluted earnings per share (EPS) climbed to Rs3.20 from Rs0.55 in 9MCY25.

The jump came from a sharp expansion in gross margin and an almost nine-fold surge in other income. Higher finance costs, operating expenses and taxation only partly offset the gains.

Net revenue from contracts with customers grew 4.35% to Rs63.18bn from Rs60.54bn. Cost of sales fell 1.96% to Rs57.05bn from Rs58.19bn, lifting gross profit more than 2.6-fold to Rs6.12bn from Rs2.35bn.

Distribution and selling expenses rose 10.38% to Rs169.51m from Rs153.57m, while administrative and general expenses increased 17.13% to Rs704.04m from Rs601.06m.

Other operating expenses grew more than 2.6-fold to Rs588.64m from Rs223.95m.

Even so, operating profit more than tripled to Rs4.66bn from Rs1.37bn.

Other income surged nearly nine-fold to Rs4.09bn from Rs462.60m, adding significant strength below the operating line. Finance costs rose 83.54% to Rs839.76m from Rs457.53m.

Profit before taxation and levies climbed nearly six-fold to Rs7.91bn from Rs1.37bn. Levies stood at Rs53,000, down 73.76% from Rs202,000, leaving profit before taxation at Rs7.91bn.

Taxation rose more than five-fold to Rs3.06bn from Rs538.31m, which absorbed part of the gains and left profit after taxation at Rs4.85bn.

Copyright Mettis Link News