Karachi October 15 2021: Lotte Chemical Pakistan Limited announced dividend of PKR 1.5 for the shareholders of the company as per notice issued at Pakistan Stock Exchange.
The stock rallied 3.9 percent or 0.58 points in today’s first half trading session.
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Revenue for the quarter was higher than the corresponding period last year due to higher volume sold and higher PTA price.
This coupled with higher margin resulted in a gross profit of Rs 5,306 million for the quarter as compared to gross profit of Rs1,221 million during the same period last year. Distribution and selling expenses were 6% higher while Administrative expenses were 10% higher than the corresponding period last year due to overall impact of inflation. The taxation charge for the quarter is based on statutory income tax rate and tax under Final Tax Regime (FTR) as adjusted by the movement in the deferred tax account. Earnings per share (EPS) for the nine month stood at PKR 2.13 per share as compared to PKR 0.57 per share for 9M 2020.
