Attock Petroleum profit falls 15% to Rs. 1.3 billion
MG News | October 19, 2017 at 11:51 AM GMT+05:00
- Attock Petroleum Ltd. Sales for the period increased by 24%, amounting to a total of 48.2 billion Rupees during the Quarter ended September, 30th 2017
- Company’s Gross Profit for the period decreased by 14%
- The Profit after tax for the period decreased 15% reaching 1.3 billion compared to same year last year’s profit of 1.5 billion Rupees.
- The company reported earnings per share of 16 Rupees
| Unconsolidated Profit and Loss Account - For the Quarter Ended, September 30th 2017 | |||
|---|---|---|---|
| Key Financials | 2017 | 2016 | % Change |
| Amounts in PKR ‘000 | |||
| Sales | 48,245,823 | 38,983,961 | 23.76% |
| Sales Tax | 9,714,567 | 7,482,024 | 29.84% |
| Net Sales | 38,531,256 | 31,501,937 | 22.31% |
| Cost of Products Sold | 36,560,824 | 29,210,769 | 25.16% |
| Gross Profit | 1,970,432 | 2,291,168 | -14.00% |
| Other Income | 206,026 | 224,981 | -8.43% |
| Operating Expenses | 542,576 | 420,111 | 29.15% |
| Operating Profit | 1,633,882 | 2,096,038 | -22.05% |
| Finance Income | 345,163 | 279,270 | 23.59% |
| Finance Costs | 122,422 | 61,553 | 98.89% |
| Profit before Taxation | 1,830,012 | 2,199,789 | -16.81% |
| Provision for Income Tax | 500,000 | 636,542 | -21.45% |
| Profit for the Period | 1,330,012 | 1,563,247 | -14.92% |
| EPS - Basic and diluted (Rs.) | 16.04 | 18.85 | -14.91% |
Company release on Earnings Report can be accessed here.
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