PPL: Higher sales revenue, other income drive earnings

News Image

MG News | April 27, 2022 at 01:19 PM GMT+05:00

0:00

April 27, 2022 (MLN): Pakistan Petroleum Limited (PPL) has announced its 9MFY22 financial result today, where the company’s bottom-line stood at Rs51.53 billion (EPS: Rs18.94) against Rs38.12bn (EPS: Rs14.01) in 9MFY21.

This year-on-year 35% growth is attributable to a 16% jump in Sui wellhead price and higher oil prices, the research report by Arif Habib Limited said.

Looking at the company’s financial performance, the sales revenue jumped by 25.5% YoY to Rs141.51bn during 9MFY22 amid higher oil prices. As a result, the gross profit of the company observed a 44.4% YoY to Rs91.07bn, expanding margins to 64% from 56% in 9MFY21.

Notably, the other income surged by 3.55x YoY to Rs10.41bn, mainly due to exchange gains that also strengthened the financial health of the company.

However, the increase in exploration expenses and other charges by 2.75 times YoY and 23% YoY to Rs10.69bn and Rs8.88bn respectively somewhat restricted bottom-line growth.

On the tax front, the company’s effective tax rate came to 32% YoY during 9MFY22.

Consolidated Financial Results for the nine months ended March 31, 2022 ('000 Rupees)

 

Mar-22

Mar-21

% Change

Revenue from contracts with customers

 141,509,348

 112,718,002

25.54%

Operating expenses

 (29,652,789)

 (32,897,478)

-9.86%

Royalties and other levies

 (20,788,316)

 (16,756,021)

24.06%

Gross profit

 91,068,243

 63,064,503

44.40%

Exploration expenses

 (10,685,793)

 (3,871,794)

175.99%

Administrative expenses

 (3,074,546)

 (2,712,243)

13.36%

Finance costs

 (932,342)

 (884,858)

5.37%

Reversal of provision for doubtful debts

 41,929

 -

 

Share of loss of associate

 (2,446,912)

 -

 

Other charges

 (8,884,559)

 (7,199,888)

23.40%

Other income

 10,407,443

 2,927,287

255.53%

Profit before taxation

 75,493,463

 51,323,007

47.09%

Taxation

 (23,967,299)

 (13,203,986)

81.52%

Profit after taxation

 51,526,164

 38,119,021

35.17%

Earnings per share - basic and diluted (Rupees)

 18.94

 14.01

35.19%

 

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 148,617.78
624.60M
0.86%
1274.27
ALLSHR 91,685.08
1,340.28M
0.74%
669.39
KSE30 45,247.79
197.43M
0.83%
370.74
KMI30 212,370.79
224.51M
1.05%
2209.48
KMIALLSHR 61,227.89
711.87M
1.18%
715.56
BKTi 41,264.02
160.39M
0.54%
221.73
OGTi 30,019.10
23.63M
0.64%
190.41
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,265.00 113,390.00
108,020.00
-4475.00
-3.97%
BRENT CRUDE 67.46 67.94
67.29
-0.52
-0.76%
RICHARDS BAY COAL MONTHLY 88.70 88.70
88.70
-0.75
-0.84%
ROTTERDAM COAL MONTHLY 96.15 96.75
96.00
-0.40
-0.41%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 64.01 64.55
63.88
-0.59
-0.91%
SUGAR #11 WORLD 16.34 16.52
16.33
-0.14
-0.85%

Chart of the Day


Latest News
August 30, 2025 at 04:28 PM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


August 29, 2025 at 06:04 PM GMT+05:00

SCRA inflows offset Rs8.5bn net selling


August 29, 2025 at 05:46 PM GMT+05:00

SECP cuts bonus, right issue timelines



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg