Attock Petroleum witnesses 6.7% increase in annual profits

Profit and Loss Account for the Year Ended June 30th 2018 ('000 Rupees)

Jun-18

Jun-17

% Change

Sales

                  216,359,813

                  172,081,286

25.73%

Sales tax

                  (39,015,376)

                  (33,420,621)

16.74%

Net sales

                  177,344,437

                  138,660,665

27.90%

Cost of products sold

                (167,601,143)

                (131,325,344)

27.62%

Gross profit

                       9,743,294

                       7,335,321

32.83%

Other income

                           884,577

                           912,713

-3.08%

Operating expenses

                     (2,542,546)

                     (1,880,857)

35.18%

Operating Profit

                       8,085,325

                       6,367,177

26.98%

Net finance income

                           677,601

                           812,816

-16.64%

Share of (loss)/profit of associated companies

                           (34,139)

                           217,948

(Provision for)/reversal of other charges

                        (439,475)

                           301,227

Profit before taxation

                       8,289,312

                       7,699,168

7.67%

Provision for income tax

                     (2,632,963)

                     (2,400,000)

9.71%

Profit for the year

                       5,656,349

                       5,299,168

6.74%

Earnings per share - basic and diluted (Rupees)

                               68.19

                               63.89

6.73%