Attock Refinery’s losses shrink by 42% YoY in 9MFY20

Mar-20

Mar-19

% Change

Gross sales

 152,463,191

 170,709,760

-10.69%

Taxes, duties, levies and price differential

 (43,244,805)

 (39,851,370)

8.52%

Net sales

 109,218,386

 130,858,390

-16.54%

Cost of sales

 (112,742,186)

 (133,884,086)

-15.79%

Gross profit/(loss)

 (3,523,800)

 (3,025,696)

16.46%

Administrative expenses

 (633,023)

 (517,100)

22.42%

Distribution cost

 (34,400)

 (35,589)

-3.34%

Other charges

 -  

 -  

Other income

 2,215,400

 2,042,090

8.49%

Impairment loss on financial assets

 (191,104)

 -

-

Operating profit/(loss)

 (2,166,927)

 (1,536,295)

41.05%

Finance cost

 (1,034,147)

 (3,973,736)

-73.98%

Profit/(loss) before taxation from refinery operations

 (3,201,074)

 (5,510,031)

-41.90%

Taxation

 876,224

 1,279,040

-31.49%

Profit/(loss) after taxation from refinery operations

 (2,324,850)

 (4,230,991)

-45.05%

Income from Non-refinery operations less applicable charges and taxes

 554,475

 1,155,866

-52.03%

Loss after taxation

 (1,770,375)

 (3,075,125)

-42.43%

Earnings (loss) per share - basic and diluted (rupees):

Refinery operations

 (21.81)

 (39.68)

-45.04%

Non-refinery operations

 5.20

 10.84

-52.03%

 (16.61)

 (28.84)

-42.41%