Attock Petroleum Limited (APL) today announced financial results for the nine months period ending 31 March, 2018 reporting Net Sales worth Rs. 149.422 billion up 25.76 percent from same period last year. Furthermore, the company’s gross profit during the outgoing nine months increased by 19.98 percent to reach 6.870 billion.
Net Sales during the reported period only went up by 26.19 percent, with Cost of Sales increasing by more than 26.58 percent to reach 114.489 billion. The company reported profit for the period at Rs 4.263 billion down 2.19 percent from same period last year.
Other income also took a fall of more than 15 percent, coupled with the 87.30 percent jump in financing costs, the company reported an EPS of Rs. 51.41 vs. an EPS of Rs 52.56 during the nine months ending March, 2017.
|
Unconsolidated Profit and Loss Account – For the Nine Months Ended, March 30th 2018 |
|||
|---|---|---|---|
|
Key Financials |
March, 2018 |
March, 2017 |
% Change |
|
Amounts in PKR ‘000 |
|||
|
Sales |
149,422,679 |
118,815,194 |
25.76% |
|
Sales Tax |
28,063,534 |
22,641,493 |
23.95% |
|
Net Sales |
121,359,145 |
96,173,701 |
26.19% |
|
Cost of Products Sold |
114,489,018 |
90,447,330 |
26.58% |
|
Gross Profit |
6,870,629 |
5,726,371 |
19.98% |
|
Other Income |
604,179 |
711,851 |
-15.13% |
|
Operating Expenses |
1,885,249 |
1,381,939 |
36.42% |
|
Operating Profit |
5,589,057 |
5,056,283 |
10.54% |
|
Finance Income |
943,214 |
836,239 |
12.79% |
|
Finance Costs |
412,498 |
220,235 |
87.30% |
|
Net Finance Income |
530,716 |
616,004 |
-13.85% |
|
Share of profit of Associated Companies |
100,290 |
97,024 |
3.37% |
|
Other Charges |
307,318 |
376,612 |
-18.40% |
|
Profit before Taxation |
5,912,745 |
6,145,923 |
-3.79% |
|
Taxation |
1,649,000 |
1,786,707 |
-7.71% |
|
Profit for the Period |
4,263,745 |
4,359,216 |
-2.19% |
|
EPS – Basic and diluted |
51.41 |
52.56 |
-2.19% |
Company release on Earnings Report can be accessed here.
