Lotte Chemical turns to profit
PHOTO: PR
KARACHI: Lotte Chemical Pakistan Limited incited to distinction with gain of Rs313 million in a entertain finished Mar 31, 2017 on a behind of increasing sales and reduced cost, according to a bourse filing on Wednesday.
The chemical manufacturer had requisitioned a detriment of Rs182 million in a same entertain of prior year.
It reported gain per share of Rs0.21 in a January-March entertain compared to detriment per share of Rs0.12 final year.
Stock cost of a association fell 0.17%, or Rs0.02, to Rs11.59 with trade in 13.34 million shares during a Pakistan Stock Exchange.
Revenue rose 31% to Rs10.60 billion from Rs8.11 billion. Cost of sales forsaken to 95.47% (Rs10.12 billion) of sum sales from 102.09% (Rs8.28 billion).
Other income soared to Rs58 million from Rs18 million. On a flip side, financial cost rose to Rs9 million from Rs3 million.
Published in The Express Tribune, Apr 27th, 2017.
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Article source: https://tribune.com.pk/story/1394413/lotte-chemical-turns-profit/