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
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================================================================= LOTPTA P&L ================================================================= (Rs mn) CY11 CY10 CHG ================================================================= 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 ----------------------------------------------------------------- Source: KSE notice =================================================================