BR Research

A tough 2011 for LOTPTA

For LOTPTA, 2011 saw the end of the glory days witnessed in 2010. While the year started off phenomenally, with the first quarter recording
Published Updated

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LOTPTA P&L
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(Rs mn)                                    CY11      CY10     CHG
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Revenues                                 57,577    42,402     36%
Cost of sales                            50,915    35,372     44%
Gross profit                              6,663     7,030     -5%
Gross margin                                 12%       17%   -30%
Distribution, selling & admin expenses      528       378     39%
Other operating expenses                    502       606    -17%
Operating Profit                          5,655     6,056     -7%
Profit after taxation                     4,178     4,525     -8%
Net margin                                    7%       11%   -32%
EPS (Rs)                                   2.76      2.99
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Source: KSE notice
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