Attock Petroleum Limited discussed their financial earnings for the year ended June 30th 2018 in a Board of Directors meeting held on august 14th 2018.
According to the report, as compared to the year ended June 30th 2017, Attock's Net Sales went up by almost 28% while Gross Profit increased by 32.8%.
In contrast, their Operating expenses rose by 35%, yet Operating profits increased by 27%.
Conclusively, the company's overall profits for the year increased by 6.74%, while Earnings per share are recorded at Rs.68.19 per share.
|
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% |
22626
