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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 Month6 Month1 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%.


LOTCHEM: Lotte Chemical Pakistan Limited
Rs. in Millions1Q -Mar 20234Q-Dec 20223Q-Sep 20222Q-Jun 20221Q-Mar 2022
Sales22,11720,75229,55529,62720,332
Gross Profit4,4393,0134,8055,9964,010
Operating Profit3,5931,6014,5885,8353,846
Other Income585411596458376
Finance Cost756162795721277
Profit Before Tax3,7832,8344,0745,1803,669
Taxation1,2408211,3702,3931,054
Profit After Tax2,5422,0132,7042,7862,615
EPS1.681.331.791.841.73
Cash Dividend22040
G Profit Margin20.1%14.5%16.3%20.2%19.7%
Tax Rate32.8%29.0%33.6%46.2%28.7%
Sales Growth6.6%-29.8%-0.2%45.7%-49.5%
GP Growth47.3%-37.3%-19.9%49.5%-38.4%
EPS Growth26.3%-25.6%-2.9%6.5%-27.5%
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