NRL’s bottom-line expands by 5x in FY22
MG News | August 16, 2022 at 01:56 PM GMT+05:00
August 16, 2022 (MLN): National Refinery Limited (PRL) has reported splendid growth of 5.12x YoY in its net profit to clock in at Rs9.8 billion (EPS: Rs113.53) for the fiscal year ended on June 30, 2022, compared to Rs1.77bn (EPS: Rs22.14) in FY21, the company filing on PSX showed today.
In conjunction with the results, the company also announced a final cash dividend for the year ended on June 30, 2022, at Rs15 per share i.e, 150%.
During the review period, the topline of the company surged to Rs251.88bn in FY22, up by 80.39%, compared to Rs139.625bn in FY21.
With regards to major expense heads, the company encountered a 6.2x YoY higher operating expenses which stood at Rs822.31 million while the company witnessed a 6% YoY and 57% YoY rise in its administrative and distribution expenses, respectively.
Similarly, the finance cost of the company also surged to Rs9bn in FY22 compared to Rs940.38mn.
On the taxation side, the company paid Rs2.73bn during the review period, compared to Rs369mn in SPLY.
|
Profit and Loss Account for the year ended June 30, 2022 ('000 Rupees) |
|||
|---|---|---|---|
|
Jun-22 |
Jun-21 |
% Change |
|
|
Revenue from contracts with customers |
285,238,526 |
196,579,545 |
45.10% |
|
Trade discounts, taxes, duties, levies, and price differentials |
-33,362,798 |
-56,954,347 |
-41.42% |
|
Net revenue from contracts with customers |
251,875,728 |
139,625,198 |
80.39% |
|
Cost of sales |
-228,080,832 |
-135,700,345 |
68.08% |
|
Gross profit |
23,794,896 |
3,924,853 |
506.26% |
|
Distribution cost |
-1,459,169 |
-925,628 |
57.64% |
|
Administrative expenses |
-948,703 |
-897,751 |
5.68% |
|
Other income |
313,534 |
370,388 |
-15.35% |
|
Other operating expenses |
-822,315 |
-131,265 |
526.45% |
|
Operating profit |
20,878,243 |
2,340,597 |
792.01% |
|
Finance cost |
-9,067,973 |
-940,388 |
864.28% |
|
Profit before taxation |
11,810,270 |
1,400,209 |
743.46% |
|
Taxation |
-2,731,257 |
369,891 |
-838.40% |
|
Profit after taxation |
9,079,013 |
1,770,100 |
412.91% |
|
Earning per share - basic and diluted (rupees) |
113.53 |
22.14 |
412.78% |
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