BR Research

LOTPTA is booming, despite narrower margins

Published August 26, 2011 Updated August 26, 2011 12:00am

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LOTTE PAKISTAN PTA LIMITED
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Rs (mn)                 1HCY11    1HCY10       Chg
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Revenue                 30,661    20,796       47%
Cost of sales          -25,004   -17,511       43%
Gross profit             5,656     3,284       72%
Gross margin               18%       16%      Down
                                           200 bps
Operating profit         5,003     2,950       70%
Operating margin           16%       14%      Down
                                           200 bps
Finance income             503       409       23%
Profit after taxation    3,698     2,176       70%
EPS (Rs)                  2.44      1.44
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Source: KSE notice
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