Lotte Chemical Pakistan Limited (LOTCHEM PA) Annual profitability for 2018 clocked in at Rs4.4bn (EPS Rs2.93) against Rs412mn (EPS Rs0.27) in the same period last year. The company skipped the dividend to shareholders. Lottechemical in its Annual Report 2018, showed a massive increase in the Revenue. As per Lotte chemical Annual Report 2018, Company witnessed 11% increase in its Sales Volume reaching 170k tons all of which comes from local sales
Lotte Chemical is the largest manufacturer and supplier of Purified Terephthalic Acid (PTA) in Pakistan having a combined Annual capacity of 500,000 tonnes from its plant situated at Port Qasim, Karachi
The global market for petrochemicals witnessed a rising trend in the second half of 2018. PTA-PX local margins rose during the to US$237/ton. LOTCHEM margins are well above break-even and thus remain positive for the company.
Lotte Chemical’s Annual Financial Report for 2018 is placed at this link