Lotte Pakistan `s earnings shrink
1/27/2012 11:12:46 AM
KARACHI: The net profits after tax of LOTTE Pakistan (LOTPTA) shrink by 8 percent to Rs 4,177.53 million during the financial year 2011 against Rs 4,525.32 recorded in the same period last year.
The financial year remained tricky for the company due to scarcity of PX, lower demand due to weak global economic outlook and aggressive expansion in production capacity of PTA in global market.
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