Lotte Chemical Pakistan (LOTTE) today released financial results for the year ending December, 2017. The company reported a Revenue increase of 6.47% to reach Rs. 37.034 billion up from Rs. 34 billion during the same period last year.
Company’s Gross Margin saw a 69% rise during the period, to clock in at Rs. 1.197 billion during the year under review. LOTTE releases on the exchange show a decent performance during the last year ending December, 2017.
Company’s bottom line grew by 27% to Rs. 412 million against last year’s tally of Rs. 323.831 million. The company earnings per share clocked in at 0.27 per share vs. 0.21/ share last year.
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Year Ended, December 2017
Key Financials
2017
2016
% Change
Amounts in PKR ‘000
Revenue
37,034,324
34,785,035
6.47%
Cost of Sales
35,836,664
34,080,207
5.15%
Gross Profit
1,197,660
704,828
69.92%
Distribution and Selling Expenses
93,462
78,004
19.82%
Administrative Expenses
350,938
332,013
5.70%
Other Expenses
54,587
28,435
91.97%
Other Income
248,610
213,573
16.41%
Finance(costs)/Income
52,398
9,539
449.30%
Profit before Taxation
894,885
470,410
90.24%
Taxation
482,589
146,579
229.23%
Profit after Taxation
412,296
323,831
27.32%
EPS – Basic & diluted
0.27
0.21
28.57%
Company release on Earnings Report can be accessed here.
