LOTCHEM

Lotte Chemical Pakistan Limited (Now Noventra Limited)

By PSX Investors Zone · Updated October 27, 2026

Lotte Chemical Pakistan Limited (Now Noventra Limited) company profile

Lotte Chemical Pakistan Limited, now known as Noventra Limited, is a Pakistani chemical manufacturer listed on the Pakistan Stock Exchange under the symbol LOTCHEM. Incorporated on 30 May 1998, the company manufactures and sells purified terephthalic acid (PTA), a key raw material used in polyester fibres, PET resin, and related industries. For the nine months ended 30 September 2026, the company reported revenue of Rs 63.18 billion, profit after taxation of Rs 4.85 billion, and earnings per share of Rs 3.20. Its performance is influenced by PTA demand and margins, feedstock and energy costs, exchange rates, financing expenses, and global chemical-market conditions. Investors should use the current corporate name, Noventra Limited, when checking the latest company disclosures.

Company Overview

Lotte Chemical Pakistan Limited, now known as Noventra Limited, is a chemical manufacturing company listed on the Pakistan Stock Exchange (PSX) under the ticker symbol LOTCHEM. The company was incorporated in Pakistan on 30 May 1998, and its principal business has been the manufacture and sale of purified terephthalic acid (PTA).

The company operates its manufacturing facility in the Eastern Industrial Zone at Port Qasim, Karachi, with a city office on Shahrah-e-Faisal. Its business is connected to Pakistan's textile, polyester, packaging, and broader chemical value chains.

Official resources:

Company Name Change: Lotte Chemical to Noventra

The company’s 2026 financial disclosures identify it as Noventra Limited (formerly Lotte Chemical Pakistan Limited). Investors and readers may still search for the familiar name, Lotte Chemical Pakistan Limited, and the PSX symbol LOTCHEM remains displayed on the exchange’s company profile.

For accurate research, use both the former name and the current corporate name when searching announcements, financial statements, and company information. Do not confuse a company name change with a change in its listed share symbol.

What Does the Company Manufacture?

The company's principal product is purified terephthalic acid (PTA). PTA is an industrial chemical used primarily as a raw material in the production of polyester and related products.

Important downstream uses include:

  • Polyester fibre: Used in textile yarns, fabrics, and blended materials.
  • PET resin: Used in packaging applications, including beverage and food containers.
  • Industrial polyester products: Used in a range of manufacturing and packaging applications.

Because PTA is an industrial intermediate rather than a consumer product, the company's business performance is linked to industrial demand, customer production levels, international PTA prices, and the cost of its feedstocks and energy.

Ownership and Corporate Background

The company became part of the South Korean Lotte group in 2009, and its name was changed to Lotte Chemical Pakistan Limited in 2013. In 2025, the company's former majority shareholder, Lotte Chemical Corporation of South Korea, entered into a share purchase agreement involving its shareholding. The company's published history records the subsequent acquisition by PTA Global Holding, a joint venture associated with Montage Commodities and AsiaPak Investments.

For current ownership percentages, board composition, and control details, investors should consult the latest PSX disclosures and the company's current corporate documents rather than relying solely on historical ownership information.

Financial Performance: Nine Months Ended 30 September 2026

The company's unaudited results for the nine months ended 30 September 2026 showed higher revenue and profit than in the corresponding period of 2025.

Financial Metric9M 20269M 2025
Net revenueRs 63.18 billionRs 60.54 billion
Gross profitRs 6.12 billionRs 2.35 billion
Operating profitRs 4.66 billionRs 1.37 billion
Profit after taxationRs 4.85 billionRs 835.87 million
Earnings per share (EPS)Rs 3.20Rs 0.55

Source: Nine-month 2026 financial results and the company's published financial statements.

Revenue increased by approximately 4.4% year over year, while reported profit after taxation rose substantially. However, the nine-month results also included Rs 4.09 billion in other income, compared with approximately Rs 462.60 million in the corresponding 2025 period. Consequently, investors should assess the nature and sustainability of other income alongside operating profit, PTA margins, cash flows, and financing costs before drawing conclusions about recurring earnings.

These are unaudited results for the nine-month period and should not be treated as full-year 2026 results.

Latest Quarterly Results: July–September 2026

For the quarter ended 30 September 2026, the company reported:

  • Net revenue of approximately Rs 18.47 billion, compared with Rs 20.37 billion in the same quarter of 2025.
  • Gross profit of approximately Rs 495.77 million, compared with Rs 570.37 million.
  • Operating profit of approximately Rs 138.09 million, compared with Rs 206.44 million.
  • Profit after taxation of approximately Rs 539.10 million, compared with Rs 94.09 million.
  • EPS of Rs 0.36, compared with Rs 0.06.

Quarterly revenue, gross profit, and operating profit were lower year over year, while reported net profit increased. Other income and finance costs are important when interpreting this difference: the company recorded approximately Rs 1.05 billion in other income and Rs 361.42 million in finance costs during the quarter.

The results illustrate why investors should compare revenue, gross margins, operating profit, other income, taxation, and cash flow together rather than judging performance from net profit or EPS alone.

Dividend History and Shareholder Returns

The company has declared interim cash dividends in recent periods. For the quarter ended 30 June 2026, the board recommended an interim cash dividend of Rs 1.50 per share. The company's nine-month financial statements also record an interim dividend of Rs 1.50 per share for 2026.

For the nine months ended 30 September 2026, the board's reported results announcement recommended no additional cash dividend, bonus shares, or rights shares with that results announcement. This does not cancel a dividend declared earlier in the year.

Dividend investors should verify the entitlement, book-closure dates, payment status, and any subsequent announcements through the official PSX profile and company notifications.

Factors That May Affect LOTCHEM Shares

1. International PTA prices and margins

Changes in global PTA prices and the relationship between selling prices and feedstock costs can influence profitability.

2. Textile and polyester demand

Demand from polyester fibre, yarn, fabric, and packaging producers can affect PTA sales volumes and plant utilisation.

3. Energy and raw-material costs

Manufacturing is energy-intensive. Higher utility, feedstock, and logistics costs may put pressure on margins.

4. Exchange-rate movements

Currency changes may affect imported inputs, export economics, financing, and the local-currency value of international commodity prices.

5. Other income and non-operating items

The latest nine-month results include a substantial rise in other income. Investors should review the financial-statement notes to understand its composition and whether it is likely to recur.

6. Financing costs and borrowing

Changes in interest rates, borrowing levels, and finance costs can influence earnings and cash flow.

7. Ownership and corporate developments

Changes in ownership, governance, strategy, or capital allocation can affect investor expectations. Official material disclosures should be reviewed when evaluating such developments.

8. Pakistan Stock Exchange sentiment

Broad market movements, interest-rate expectations, economic policy, liquidity, and investor risk appetite may influence LOTCHEM independently of its operating performance.

Key Risks for Investors

Before investing in LOTCHEM, investors should consider:

  • Commodity-cycle risk: PTA margins can fluctuate with international prices and feedstock costs.
  • Demand risk: Weakness in textile, polyester, or packaging demand may reduce sales volumes.
  • Margin pressure: Revenue growth does not necessarily translate into higher operating profit.
  • Earnings quality: A significant contribution from other income may make net profit less representative of recurring operating performance.
  • Liquidity and cash-flow risk: Working-capital requirements, capital expenditure, and dividend payments can affect available cash.
  • Financing risk: Borrowings and finance costs may rise, particularly when capital requirements or interest rates increase.
  • Regulatory and environmental risk: Chemical manufacturing is subject to safety, environmental, and regulatory requirements.
  • Corporate-change risk: Investors should follow current disclosures regarding the company's name, ownership, governance, and strategy.

These risks are general considerations, not a prediction of future share-price performance.

How to Research LOTCHEM on PSX

For a more complete assessment, investors should review:

  • Latest quarterly and annual financial statements.
  • Revenue, gross profit, and operating profit trends.
  • The composition of other income and other operating expenses.
  • Operating cash flow, working capital, and capital expenditure.
  • Borrowings and finance costs.
  • Dividend declarations and payment notices.
  • Corporate-name and ownership disclosures.
  • Current market price, trading volume, valuation ratios, and share-price history.

Start with the official PSX LOTCHEM page and the company's official website.

Frequently Asked Questions

What is the PSX symbol of Lotte Chemical Pakistan Limited?

The PSX company profile lists the ticker symbol as LOTCHEM.

What is Lotte Chemical Pakistan Limited called now?

The company's 2026 financial disclosures identify it as Noventra Limited, formerly Lotte Chemical Pakistan Limited.

What does the company manufacture?

Its principal business is the manufacture and sale of purified terephthalic acid (PTA), an important raw material for polyester and related industries.

When was the company incorporated?

The company was incorporated in Pakistan on 30 May 1998.

Was the company profitable in the first nine months of 2026?

Yes. It reported unaudited profit after taxation of approximately Rs 4.85 billion and EPS of Rs 3.20 for the nine months ended 30 September 2026. Investors should also examine other income and operating cash flow when assessing the quality of earnings.

Did the company announce a dividend in 2026?

The board recommended an interim cash dividend of Rs 1.50 per share for the quarter ended 30 June 2026. The later September-quarter results announcement recommended no additional dividend with that results announcement. Check official notices for payment status and any subsequent entitlement.

What are the main factors affecting LOTCHEM shares?

Key factors include global PTA prices, raw-material and energy costs, polyester demand, currency movements, financing costs, operating margins, other income, and overall PSX market sentiment.

Where can investors find official LOTCHEM financial results?

Visit the PSX company profile for company announcements, financials, ratios, payouts, and reports.

Disclaimer

This company profile is for educational and informational purposes only and does not constitute investment advice or a recommendation to buy or sell LOTCHEM shares. Financial results cited for 2026 are unaudited interim figures. Verify all financial information, dividends, and corporate developments against official company and PSX filings before making investment decisions.

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This profile is for educational purposes and is not a recommendation to buy or sell any security.

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