Lotte Chemical Pakistan Restricted turned to revenue with earnings of Rs 412 million, up by 27.55% by December 31, 2017, in keeping with a bourse submitting on Friday.
The chemical producer had booked a revenue of Rs 323 million in the identical interval of earlier yr.
It reported earnings per share of Rs zero.27 within the present interval in comparison with earnings per share of Rs zero.21 final yr.
The corporate additionally introduced a money dividend Rs zero.20 per share.
Lotte Chemical additionally reported a income improve of 6.47% to succeed in Rs. 37.zero34 billion, up from Rs. 34 billion throughout the identical interval final yr.
The corporate’s Gross Margin noticed a 69% rise through the interval, clocking in at Rs. 1.197 billion through the yr underneath evaluate. LOTTE releases on the alternate present a good efficiency through the yr ending December, 2017.
On the time of submitting this report, LOTCHEM’s share on the alternate was buying and selling at Rs eight.78, up by +zero.57% with a turnover of 24.77 million shares.
Lotte Chemical Pakistan Ltd. (LCPL) is a producer and provider of Purified Terephthalic Acid (PTA). With a plant at Port Qasim, it has a capability to ship 500,000 tons of PTA yearly. PTA is the first uncooked materials for producing Polyester fiber, Polyester filament yarn, Polyester movie and Polyethylene Terephthalate (PET).
75 % of the shares of Lotte Chemical Pakistan Restricted are owned by Lotte Chemical Company, South Korea and 18 % are owned by people. The remaining 7 % are owned by funding corporations, monetary establishments and different company our bodies.