Earnings Report: Lotte Chemical (PSX: LOTCHEM) today reported Financial Results for the Three and Six months ended June 30, 2017

Lotte Chemical announced Financial Results for the period ended June 30, 2017.

The company’s for the period increased by percent in the outgoing year, whereas the Profit after Taxation for the Period percent.

The board did not recommend any interim Cash Dividend, no bonus or right shares.

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Six Months Ended

Key Financials

Jan – June, 2017

Jan – Jun, 2016

% Change

 

Amounts in PKR ‘000

Revenue

19,946,784

17,503,742

13.96%

Cost of Sales

19,274,705

17,404,101

10.75%

Gross Profit

672,079

99,641

574.50%

Dist: and Selling Expenses

50,254

38,471

30.63%

Admin: Expenses

168,851

175,164

-3.60%

Other Expenses

27,893

434

6326.96%

Other income

121,623

120,387

1.03%

Finance Costs

42,464

13,241

220.70%

Profit/(loss) before Taxation

504,240

(7,282)

 

Taxation

150,560

2,244

6609.45%

Profit/(loss) after Taxation

353,680

(9,526)

 

EPS – Basic & diluted

0.23

(0.01)

 

 

Company release on Earnings Report can be accessed here.

Posted on: 2017-08-24T14:51:00+05:00