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

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Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com
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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.

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