The profit after tax of Lotte Pakistan PTA has increased to Rs 4.527 billion in the year ended December 31, 2010 as compared to Rs 3.573 billion earned in the year 2009. The earning per share of the company increased to Rs 2.99 for the period under review against Rs 2.36 in the same period a year back.
The board of directors of the company in its meeting held on Wednesday recommended a final cash dividend for the year at Rs 0.50 per share, ie 5 percent. According to the financial results, the company's revenue increased to Rs 42.401 billion in 2010 against Rs 37.851 billion in the same period in 2009. The cost of sales increased to Rs 35.369 billion in this period against Rs 31.954 billion. The company's profit before taxation increased to Rs 6.711 billion in 2010 as compared to Rs 4.719 billion earned in the same period in 2009.
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