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

MG News | August 24, 2017 at 02:51 PM GMT+05:00

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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.

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	93,750.00	93,970.00 91,595.00	3560.00 3.95%
BRENT CRUDE	60.91	61.24 60.00	0.16 0.26%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	0.55 0.64%
ROTTERDAM COAL MONTHLY	98.15	98.15 97.40	1.25 1.29%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	57.43	57.73 56.56	0.11 0.19%
SUGAR #11 WORLD	14.60	15.05 14.57	-0.41 -2.73%