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Attock Petroleum profit falls 15% to Rs. 1.3 billion

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  • 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
Comparison of Key Financials

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.

Posted on: 2017-10-19T11:51:00+05:00