Lotte Chemical Pakistan Limited (LOTCHEM): 2QCY24 EPS clocked-in at Rs0.84, up 4.1x YoY – By Foundation Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Lotte Chemical Pakistan Limited (LOTCHEM) released its 2QCY24 financial result with earnings of Rs0.84/sh (&uarr;4.1x/42% YoY/QoQ). This cumulates to 1HCY24 earnings of Rs1.43/sh, down 24% YoY.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The result is in line with our expectation.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Increase in profitability is attributable to higher volumetric sales during the quarter.</span></li></ul><p></p>