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    PSX   PK0104801011

PAKISTAN STOCK EXCHANGE LIMITED

(PSX)
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Financial results of Lotte Chemicals Pakistan Limited for Quarter ended March 31, 2020

04/16/2020 | 12:31pm EST

Lotte Chemicals Pakistan Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 16, 2020.

The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2020 which portrayed a profit of Rs. 57,994 with earnings per share 0.04 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

The announcement is available at:

https://dps.psx.com.pk/download/document/145877.pdf

Lotte Chemical Pakistan Limited formerly Lotte Pakistan PTA Limited is incorporated in Pakistan. The company is engaged in the manufacture and sale of Pure Terephthalic Acid an essential raw material used in the polyester industry. The company is also engaged in manufacturing Polyester Staple Fibre, Filament Yarn and PET resin. The production capacity of the plant is around 500,000 tons per annum. It is a subsidiary of Lotte Chemical Corporation and the ultimate parent company is South Korean conglomerate Lotte. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located at Karachi.

The symbol "LOTCHEM" is being used by the stock exchanges for the shares of Lotte Chemicals Pakistan Limited.

© Pakistan Press International, source Asianet-Pakistan

Stocks mentioned in the article
ChangeLast1st jan.
LOTTE CHEMICAL CORPORATION -3.38% 200000 End-of-day quote.-7.83%
LOTTE CHEMICAL PAKISTAN LIMITED 0.13% 15.11 End-of-day quote.10.61%
PAKISTAN STOCK EXCHANGE LIMITED -1.27% 13.22 End-of-day quote.-3.85%
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Financials
Sales 2021 1 465 M 8,31 M 8,31 M
Net income 2021 696 M 3,95 M 3,95 M
Net cash 2021 2 252 M 12,8 M 12,8 M
P/E ratio 2021 25,7x
Yield 2021 0,90%
Capitalization 10 596 M 60,1 M 60,1 M
EV / Sales 2020 6,03x
EV / Sales 2021 10,7x
Nbr of Employees 237
Free-Float -
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Pakistan Stock Exchange Limited Technical Analysis Chart | PSX | PK0104801011 | MarketScreener
Income Statement Evolution
Managers and Directors
Farrukh Hussain Khan Chief Executive Officer, MD & Executive Director
Ahmed Ali Mitha Chief Financial Officer
Shamshad Akhtar Chairman
Mahmood Siddique Chief Information Officer
Hassan Raza Head-Product Management & Research
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