Lotte Chemical Pakistan profits rise 27.32% to Rs. 412.296 million

MG News | February 02, 2018 at 11:05 AM GMT+05:00

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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.

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