Karachi February 4 2025: Lotte Chemical Pakistan is expected to announce cash payout of PKR 1 per share along with results, according to research report published by Insight Securities.
“Lotte Chemical Pakistan Limited, LOTCHEM, is expected to post a PAT of PKR629mn (EPS: PKR0.42) in 4QCY24 versus PKR238mn (EPS: PKR0.16) in SPLY, up by ~164% primarily due to higher volumetric sales” states Minhal Ali an analyst at Insight Securities in its research report.
“While on quarter on quarter, same is expected to go up by 27%, amid better core delta” the report added.
“International PTA prices plunged by ~14% year on year to clock in at ~US$669/ton. Similarly, PX prices witnessed a decrease of ~17% year on year to clock in at US$847/ton, resulting in an increase of ~9% QoQ in PTA-PX spread”
Company’s topline is expected to increase by 21% YoY to clock in at PKR23.5bn in 4QCY24, amid higher volumetric sales.
