The profit after tax of Lotte Pakistan PTA Limited has reduced to Rs 151.111 million in the quarter ended March 31, 2012 as compared to Rs 2,485.552 million earned in the corresponding quarter in 2011. The board of directors of the company in its meeting held on April 24, 2012 declared that the company's earning per share stood at Re 0.10 in the period under review against Rs 1.64 in the same period last year.
According to the financial results sent to Karachi Stock Exchange, the company's revenue declined to Rs 13.404 billion in this quarter against Rs 15.951 billion in the same quarter a year back. The cost of sales increased to Rs 13.134 billion against Rs 12.090 billion. The company's profit before taxation decreased to Rs 237.804 million in the first quarter of 2012 against Rs 3,695.719 million in the same quarter in 2011.
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