Lotte Chemical's half yearly profits increase by 280%: Earnings report

Profit and Loss Account for the Half Year Ended on June 30th 2018 ('000 Rupees)

Jun-18

Jun-17

% Change

Revenue

                     25,695,282

                     19,946,784

28.82%

Cost of Sales

                  (22,861,095)

                  (19,274,705)

18.61%

Gross Profit

                       2,834,187

                           672,079

321.70%

Distribution and Selling Expenses

                           (41,319)

                           (50,254)

-17.78%

Administrative Expenses

                        (181,176)

                        (168,851)

7.30%

Other Expenses

                        (266,470)

                           (27,893)

855.33%

Other Income

                           217,271

                           121,623

78.64%

Finance Cost

                        (276,183)

                           (42,464)

550.39%

Profit/(loss) before Taxation

                       2,286,310

                           504,240

353.42%

Taxation

                        (940,820)

                        (150,560)

524.88%

Profit/(loss) after Taxation

                       1,345,490

                           353,680

280.43%

Earnings/(loss) per share - Basic and Diluted (Rs.)

                                  0.89

                                  0.23

286.96%