Lotte Chemicals Pakistan Limited (LOTCHEM): Earnings Plunge 94% YoY Amid Weaker Margins and Levy Impact – by IIS Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Lotte Chemicals Pakistan Limited (LOTCHEM) announced its 2QCY25 financial results today. The company reported a PAT of PKR 80 million, with an EPS of PKR 0.04 (vs. our expectation of PKR 0.37 per share), marking a steep 94% YoY decline. The earnings drop is mainly attributable to weaker PTA-PX margins, which averaged USD 101/ton during the quarter versus USD 118/ton over the past six years. This pressure stemmed from unfavorable global dynamics and subdued international demand, further compounded by the impact of the captive levy on Gas based plants.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Net sales stood at PKR 18.7 bn, down 44% YoY and 6% QoQ. In the previous quarter, management attributed low...