LOTCHEM: Ist Quarter March 2023 Earning Release

Lotte Chemical Pakistan Limited (PSX:LOTCHEM)
1st Quarter March 2023

EPS: Rs. 1.68
Cash Dividend: Interim cash Dividend of Rs. 2 per share. (20%)

Price (Rs.)	1 Month	6 Month	1 Year
25.24	-0.7%	-19.1%	27.6%

EPS (Earnings Per Share): The EPS for the quarter was Rs. 1.68, which represents a growth of 26.30% compared to previous quarter. However, EPS growth over the average EPS for the last trailing twelve months was only 0.51%.

Sales: LOTCHEM earned a revenue of Rs. 22,117 million for the quarter, which is an increase of 6.6% compared to the previous quarter and 8.8% compared to the same quarter last year.

Gross Profit: The gross profit for the quarter was Rs. 4,439 million, which is a significant increase of 47.3% compared to the previous quarter and 10.7% compared to the same quarter last year.

Profit After Tax: LOTCHEM earned profit after tax for the quarter of Rs. 2,542 million, which registered a growth of 26.3% compared to the previous quarter, but a decline of 2.8% compared to the same quarter last year.

Gross Profit Margin: The gross profit margin for the quarter was 20.1%, which increased by 13% compared to the average of the last four quarters. .

Tax Rate: The tax rate for the quarter was 32.8%, which registered is a decrease of 5% compared to the average tax rate for the last four quarters. 

LOTCHEM is trading at a price-to-earning ratio of 6.8 and a price-to-book of less than 2. Its trailing-twelve-months dividend yield is over 30%.

Earnings Release 1Q2023 (13 April 2023)

LOTCHEM: Lotte Chemical Pakistan Limited
Rs. in Millions	1Q -Mar 2023	4Q-Dec 2022	3Q-Sep 2022	2Q-Jun 2022	1Q-Mar 2022
Sales	22,117	20,752	29,555	29,627	20,332
Gross Profit	4,439	3,013	4,805	5,996	4,010
Operating Profit	3,593	1,601	4,588	5,835	3,846
Other Income	585	411	596	458	376
Finance Cost	756	162	795	721	277
Profit Before Tax	3,783	2,834	4,074	5,180	3,669
Taxation	1,240	821	1,370	2,393	1,054
Profit After Tax	2,542	2,013	2,704	2,786	2,615
EPS	1.68	1.33	1.79	1.84	1.73
Cash Dividend	2	2	0	4	0
G Profit Margin	20.1%	14.5%	16.3%	20.2%	19.7%
Tax Rate	32.8%	29.0%	33.6%	46.2%	28.7%
Sales Growth	6.6%	-29.8%	-0.2%	45.7%	-49.5%
GP Growth	47.3%	-37.3%	-19.9%	49.5%	-38.4%
EPS Growth	26.3%	-25.6%	-2.9%	6.5%	-27.5%