APL profit falls by nearly 25% in FY25
MG News | August 11, 2025 at 11:15 AM GMT+05:00
August 11, 2024 (MLN): Attock Petroleum Limited (PSX: APL) reported a net profit of Rs10.39 billion [EPS: Rs83.53] for the year ended June 30, 2025, down 24.81% compared to Rs13.82bn [EPS: Rs111.09] recorded in the same period last year (SPLY).
The company declared a final cash dividend of Rs13 per
share, or 130%, in addition to the interim dividend of Rs12.5 per share, or
125%, already paid.
The company’s sales declined by 10.34% to Rs482.43bn from
Rs538.10bn in SPLY, while net sales fell 9.92% to Rs474.10bn.
Cost of products sold decreased 9.72% to Rs455.27bn,
resulting in a 14.58% drop in gross profit to Rs18.83bn.
Operating expenses rose 12.71% to Rs8.56bn from Rs7.59bn in
SPLY.
Other income increased 10.98% to Rs2.22bn, while net
impairment loss on financial assets stood at Rs8.84mn compared to a reversal of
Rs54.45mn last year.
Operating profit fell 24.37% to Rs12.48bn, whereas finance
income dropped 24.75% to Rs7.25bn.
Finance cost increased 24.11% to Rs2.01bn, pulling net
finance income down 34.61% to Rs5.24bn.
Share of profit from associates surged 541.05% to
Rs470.53mn, while other charges fell 27.72% to Rs1.22bn.
Profit before taxation stood at Rs16.98bn, marking a decline
of 25.25% from Rs22.71bn in SPLY.
The provision for taxation fell 25.93% to Rs6.59bn, leading
to the 24.81% drop in net profit for the year.
|
Statement of Profit and
Loss for the Period Ended June 30, 2025 (Rs '000') |
|||
|
Note |
Jun-25 |
Jun-24 |
%Change |
|
Sales |
482,429,343 |
538,095,084 |
-10.34% |
|
Sales tax and other
government levies |
(8,332,036) |
(11,778,328) |
-29.26% |
|
NET SALES |
474,097,307 |
526,316,756 |
-9.92% |
|
Cost of products sold |
(455,268,128) |
(504,274,285) |
-9.72% |
|
GROSS PROFIT |
18,829,179 |
22,042,471 |
-14.58% |
|
Operating expenses |
(8,557,501) |
(7,592,323) |
12.71% |
|
Net impairment (loss) /
reversal on financial assets |
(8,842) |
54,445 |
|
|
Other income – net |
2,221,307 |
2,001,627 |
10.98% |
|
OPERATING PROFIT |
12,484,143 |
16,506,220 |
-24.37% |
|
Finance income |
7,249,743 |
9,633,783 |
-24.75% |
|
Finance cost |
(2,009,131) |
(1,618,810) |
24.11% |
|
Net finance income |
5,240,612 |
8,014,973 |
-34.61% |
|
Share of profit of
associates (equity method) |
470,529 |
73,400 |
541.05% |
|
Other charges |
(1,216,405) |
(1,682,827) |
-27.72% |
|
PROFIT BEFORE INCOME TAX
AND FINAL TAXES |
16,978,879 |
22,911,766 |
-25.89% |
|
Final taxes – levies |
(174) |
(198,751) |
|
|
PROFIT BEFORE TAXATION |
16,978,705 |
22,713,015 |
-25.25% |
|
Provision for taxation |
(6,586,117) |
(8,891,385) |
-25.93% |
|
PROFIT FOR THE YEAR |
10,392,588 |
13,821,630 |
-24.81% |
|
Earnings per share –
Basic and diluted (Rupees) |
83.53 |
111.09 |
-24.81% |
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