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(tribune) --
The company saw its profit margins decline to such an extent that it posted a
loss of Rs411 million in the final quarter, almost triple the losses estimated
by analysts. Net profit fell 8% to Rs4.18 billion in 2011 compared with Rs4.53
billion in 2010, according to a notice sent to the Karachi Stock Exchange.
The company’s overall gross margin declined by 5 percentage points
to 12% against 17% last year.
Lotte Pakistan PTA is a supplier of purified
terephthalic acid (PTA), an essential raw material used in the polyester
industry.
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