Karachi April 22 2022: Lotchem report profitability of PKR 2.6 billion in 1Q when compared to profitability of PKR 1.6 billion during the same period last year.
The share price drop 23 paisas or 1.16 percent to PKR 19.55 per share in today's trading session at PSX.
Company reported gross profit of PKR 4.0 billion in 1Q when compared with gross profit of PKR 2.3 billion due to higher PTA prices.
Lotte Chemical Pakistan Limited was incorporated in Pakistan on 30 May 1998 under the Companies Ordinance, 1984 ( repealed with enactment of the Companies Act, 2017). The principal activity of the Company is to manufacture and sale of Pure Terephthalic Acid (PTA).
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