Sunday, October 25, 2020

LOTCHEM earnings expected to clock in at 0.42 per share for 1QCY19

Featured

50 million Americans voted by mail in the presidential election so far

More than 50 million Americans cast their ballots in the US presidential election by mail 11 days before the...

GIP releases inaugural annual report at second plenary meeting

The Second Plenary Meeting of the Green Investment Principles for the Belt and Road (GIP) was held today in...

Pakistan re-elected as member UNHRC

Pakistan has been re-elected to the United Nations Human Rights Council (HRC) with an overwhelming majority securing 169 votes...
Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

LOTCHEM is scheduled to announce its financial results for 1QCY19 on 19th Apr’19. Analysts project the company to post a profitability of PKR 643mn (EPS: PKR 0.42), up by 81% YoY in 1QCY19 compared to PKR 355mn (EPS: PKR 0.23) in 1QCY18.

Gross margins of the company are expected to decline by 142 bps YoY to 7.6%. Decline in gross margins is expected due to 8% YoY reduction in international PTA margins (average USD 130/ton).

Net sales during the quarter are expected to increase by 22% YoY owing to 9% YoY rise in PTA prices along with PKR depreciation.

On QoQ basis, earnings are expected to decrease by 37% owing to 23% QoQ decline in international PTA margins.

Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

Latest News

50 million Americans voted by mail in the presidential election so far

More than 50 million Americans cast their ballots in the US presidential election by mail 11 days before the...

Remains of ships sunk hundreds of years ago discovered in Utbury, Sweden

Archaeologists in Sweden have discovered the remains of small, sunken ships dating back 400 years ago, during excavations in central Gothenburg in the coastal...

New York authorities preparing for possible riots after the election

New York City Mayor Bill de Blasio announced that the major American city authorities are preparing for possible unrest and riots in the city...

Trump: 180 million Americans would miss health care plans if Biden came to power

US President Donald Trump did not stop attacking his rival in the US presidential election, Democratic candidate Joe Biden, sending a message to Americans,...

The European Court of Human Rights condemns Turkey of violating the right to freedom of expression

The European Court of Human Rights has convicted Turkey of violating the right to freedom of expression of two university students who have been...

Related News