AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, Lotte Chemical Pakistan Limited has released its un-audited financial results for the second quarter and the six months period ending on June 30, 2023. The company’s Board of Directors, in a meeting held on August 11, 2023, in Karachi, approved these financial statements, providing a comprehensive view of the company’s performance during the specified time frame.
The financial data highlights for the six months period ending June 30, 2023, are as follows:
Revenue: Rs 38,542,564,000
Net Cost of Sales: (Rs 32,103,367,000)
Gross Profit: Rs 6,439,197,000
Distribution and Selling Expenses: (Rs 79,332,000)
Administrative and General Expenses: (Rs 313,066,000)
Other Operating Expenses: (Rs 458,373,000)
Operating Profit: Rs 5,588,426,000
Other Income: Rs 1,183,510,000
Finance Cost: (Rs 895,121,000)
For the quarter ending June 30, 2023:
Revenue: Rs 16,429,866,000
Net Cost of Sales: (Rs 14,429,654,000)
Gross Profit: Rs 2,000,212,000
Distribution and Selling Expenses: (Rs 42,465,000)
Administrative and General Expenses: (Rs 161,433,000)
Other Operating Expenses: (Rs 160,849,000)
Operating Profit: Rs 1,635,465,000
Other Income: Rs 598,354,000
Finance Cost: (Rs 139,614,000)
Furthermore, the earnings per share (EPS) for the specified periods are as follows:
Basic EPS for Six Months Period: Rs 1.88
Diluted EPS for Six Months Period: Rs 1.88
Basic EPS for Quarter: Rs 0.21
Diluted EPS for Quarter: Rs 0.21
These un-audited financial results provide an initial insight into Lotte Chemical Pakistan Limited’s financial performance and position during the given periods. The company’s commitment to transparency and timely reporting ensures that stakeholders gain a comprehensive understanding of its operations and financial health. The release of these financial statements underscores the company’s dedication to accountability and information disclosure, fostering investor confidence and trust.
The post Lotte Chemical Pakistan Limited Announces Un-Audited Financial Results for Q2 and Six Months Ended June 30, 2023 appeared first on Pakistan Company News.