APL's bottom-line gains drop 30 percent

News Image

By MG News | July 30, 2019 at 11:02 AM GMT+05:00

0:00

July 30, 2019 (MLN): Attock Petroleum Limited (APL) has incurred a 30% decline in its annual net profit for FY19 which stood at Rs.3.96 billion (EPS: RS.39.79 per share) against prior year’s profit of Rs.5.66 billion (EPS: Rs.56.83 per share).

The company’s profits came down on account of cost overrun which pulled gross profit (Rs.8.2 billion) by 16%, YoY. Therefore, the gross margin shrunk by 129 basis points.

Moreover, the operating expenses (Rs.3.6 billion) expanded by 41% over the year, thus bringing down the operating profit (Rs.5.7 billion) by 29%, YoY.

In addition to this, a final cash dividend at Rs.10 per share, i.e. 100%, in addition to an interim dividend already paid at Rs.10 per share, was recommended.

Profit and Loss Account for the Year Ended June 30, 2019 ('000 Rupees)

 

Jun-19

(Restated)
Jun-18

% Change

Sales

                  256,661,187

                  216,888,196

18.34%

Sales tax and other govt levies

                  (33,606,835)

                  (39,671,459)

-15.29%

Net sales

                  223,054,352

                  177,216,737

25.87%

Cost of products sold

                (214,833,185)

                (167,473,443)

28.28%

Gross profit

                       8,221,167

                       9,743,294

-15.62%

Other income

                       1,148,305

                           884,577

29.81%

Net impairment losses on financial assets

                           (70,798)

                             (1,932)

3564.49%

Operating expenses

                     (3,590,296)

                     (2,540,614)

41.32%

Operating Profit

                       5,708,378

                       8,085,325

-29.40%

Net finance income

                           550,298

                           677,601

-18.79%

Share of loss of associated companies

                        (222,485)

                           (34,139)

551.70%

Other charges

                        (313,334)

                        (439,475)

-28.70%

Profit before taxation

                       5,722,857

                       8,289,312

-30.96%

Provision for income tax

                     (1,762,251)

                     (2,632,963)

-33.07%

Profit for the year

                       3,960,606

                       5,656,349

-29.98%

Earnings per share - basic and diluted (Rupees)

                               39.79

                               56.83

-29.98%

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 131,949.07
198.95M
0.97%
1262.41
ALLSHR 82,069.26
730.83M
0.94%
764.01
KSE30 40,387.76
80.88M
1.11%
442.31
KMI30 191,376.82
77.76M
0.36%
678.77
KMIALLSHR 55,193.97
350.11M
0.22%
119.82
BKTi 35,828.25
28.42M
3.64%
1259.85
OGTi 28,446.34
6.84M
-1.02%
-293.01
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,125.00 110,525.00
107,865.00
-2290.00
-2.07%
BRENT CRUDE 68.51 68.89
67.75
-0.29
-0.42%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 106.00 106.00
105.85
-2.20
-2.03%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.50 67.18
66.04
-0.50
-0.75%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 05, 2025 at 11:58 PM GMT+05:00

Weekly Market Roundup


July 05, 2025 at 02:57 PM GMT+05:00

National Savings Schemes see over Rs27bn inflow in May


July 04, 2025 at 10:16 PM GMT+05:00

CAT upholds CCP’s ruling against PREMA Milk


July 04, 2025 at 10:07 PM GMT+05:00

Gold price in Pakistan falls Rs1,500 per tola


July 04, 2025 at 08:01 PM GMT+05:00

TRG in Supreme Court



Top 5 things to watch in this week

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