Lotte Chemical Pakistan Limited (PSX:LOTCHEM)
1st Quarter March 2023
1st Quarter March 2023
EPS: Rs. 1.68
Cash Dividend: Interim cash Dividend of Rs. 2 per share. (20%)
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%.