Attock Petroleum: Profit slumps to Rs9.83bn in 9MFY23

Mar-23

Mar-22

% Change

Sales

     361,178,488

     262,518,173

37.58%

Sales tax and other govt levies

     (10,343,461)

     (21,481,914)

-51.85%

Net sales

     350,835,027

     241,036,259

45.55%

Cost of products sold

  (331,057,957)

  (219,942,808)

50.52%

Gross profit

       19,777,070

       21,093,451

-6.24%

Other income

         1,342,270

         1,202,181

11.65%

Net impairment reversal on financial assets

             (29,276)

             300,608

-

Operating expenses

       (7,330,761)

       (5,417,185)

35.32%

Operating Profit

       13,759,303

       17,179,055

-19.91%

Finance income

         3,515,438

         1,149,047

3.06x

Finance costs

       (1,629,690)

       (1,072,698)

51.92%

Net finance income/(cost)

         1,885,748

               76,349

24.7x

Share of profit of associated companies

             192,571

           (166,216)

-

Other charges

       (1,073,680)

       (1,184,743)

-9.37%

Profit before taxation

       14,763,942

       15,904,445

-7.17%

Provision for income tax

       (4,927,697)

       (4,657,487)

5.80%

Profit for the period

         9,836,245

       11,246,958

-12.54%

Earnings per share - basic and diluted (Rupees)

                  79.06

                  90.40

-