Karachi: Lotte Chemical Pakistan Ltd. has posted a substantial increase in its profit for the quarter and six months period ended June 30, 2026. The company's Board of Directors, during their meeting held on July 16, 2026, in Karachi, recommended an interim cash dividend of Rs 1.50 per share for the quarter, while no bonus or right shares were announced.

The financial results revealed a notable performance, with revenue from contracts with customers reaching Rs 44.71 billion for the six months, compared to Rs 40.18 billion in the same period of 2025. For the quarter, revenue increased to Rs 23.85 billion from Rs 18.67 billion. This represents a very large or significant move in revenue. The cost of sales for the six-month period was Rs 39.08 billion, resulting in a gross profit of Rs 5.63 billion, a marked improvement from Rs 1.78 billion the previous year.

Operating profit for the six-month period stood at Rs 4.52 billion, while other income significantly increased to Rs 3.04 billion from Rs 374.48 million in 2025. The company's profit before taxation and levies surged to Rs 7.08 billion from Rs 1.23 billion, and after accounting for taxation, the profit after taxation was recorded at Rs 4.31 billion, up from Rs 741.78 million. Earnings per share for the period reached Rs 2.85, compared to Rs 0.49 in 2025.

According to information available from the Pakistan Stock Exchange (PSX), Lotte Chemical's financial performance is a significant indicator in the designated market category. The company's financial position shows total assets of Rs 44.48 billion as of June 30, 2026, compared to Rs 47.80 billion at the end of 2025. Non-current assets include property, plant and equipment valued at Rs 6.03 billion, while current assets total Rs 36.35 billion.

The company's equity decreased to Rs 20.27 billion from Rs 23.53 billion due to a reduction in revenue reserves. Total liabilities remained relatively stable at Rs 24.20 billion. The share transfer books of the company will be closed from July 27 to July 29, 2026, to finalize entitlements for shareholders.

Lotte Chemical's financial results underscore a robust growth trajectory, driven by increased revenue and operational efficiencies. The company's ability to significantly boost its profit margins amidst rising costs reflects strategic management practices and resilience in the face of market challenges.