Karachi, Lotte Chemical Pakistan Ltd. (LOTCHEM), a prominent chemical manufacturer on the Pakistan Stock Exchange, reported a varied financial performance for the year ending December 2023. The company announced a decrease in its dividend distribution to 30%, down from 60% in the previous year. Despite the reduction in dividends, Lotte Chemical Pakistan revealed an EPS of 6.68* for the January-February 2024 period, indicating a nuanced financial landscape.

With a paid-up capital of Rs. 19.15 million, LOTCHEM witnessed its share price moving between Rs. 28.56 and Rs. 18.02, achieving a substantial turnover of 58,860,068 shares. Established in 2001, the company's latest financial disclosures suggest a recalibration of its dividend strategy amidst maintaining a competitive stance in the market.