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KARACHI:Lotte Chemical Pakistan Limited s profit soared 127% to Rs3 billion in the six-month period ended June 30, 2019 on the back of higher gross profit, according to a company best air max notification issued to the Pakistan Stock Exchange (PSX) on Monday.The chemical manufacturer had recorded a net profit of Rs1.3 billion in the same period of previous year. Earnings per share (EPS) came in at Rs2.01 in Jan-Jun 2019 against Rs0.89 in the same period of 2018.Revenue of the company stood at Rs33.2 billion in Jan-Jun this year against Rs25.7 billion in the same period of last year.Cost of sales was re jordan corded at Rs28.7 billion in the first half of 2019 compared to Rs22.9 billion in the corresponding period of 2018.During the period under review, dunk low gross profit of the company was recorded at Rs4.5 billion against Rs2.8 billion in the same period of previous year.Quarterly resultThe chemical company reported bottom line of Rs1.8 billion for the quarter ended June 30, 2019, up 78% compared to Rs990 milli Fvil CDA gives IMC land for garbage stations
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KARACHI:Lotte Chemical Pakistan Limited s profit soared 127% to Rs3 billion in the six-month period ended June 30, 2019 on the back of higher gross profit, according to a company best air max notification issued to the Pakistan Stock Exchange (PSX) on Monday.The chemical manufacturer had recorded a net profit of Rs1.3 billion in the same period of previous year. Earnings per share (EPS) came in at Rs2.01 in Jan-Jun 2019 against Rs0.89 in the same period of 2018.Revenue of the company stood at Rs33.2 billion in Jan-Jun this year against Rs25.7 billion in the same period of last year.Cost of sales was re jordan corded at Rs28.7 billion in the first half of 2019 compared to Rs22.9 billion in the corresponding period of 2018.During the period under review, dunk low gross profit of the company was recorded at Rs4.5 billion against Rs2.8 billion in the same period of previous year.Quarterly resultThe chemical company reported bottom line of Rs1.8 billion for the quarter ended June 30, 2019, up 78% compared to Rs990 milli Fvil CDA gives IMC land for garbage stations
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