Corporate Alert: Mari Petroleum announces result for period ended June 30, 2017, declares a Final Dividend of 22 percent

For the Six Month Period

Key Financials

June, 2017

June, 2016

% Change

Gross Sales to Customers

96,775,974

94,997,719

1.87%

Gas Development Surcharge

19,580,832

25,859,852

-24.28%

General Sales Tax

13,745,689

13,509,334

1.75%

Excise Duty

1,794,397

1,694,205

5.91%

Gas Infrastructure Development cess

33,479,569

31,933,382

4.84%

Wind fall levy

-

288,182

Sales -Net

28,175,487

21,712,764

29.76%

Royalty

3,583,522

2,750,095

30.31%

Operating Expenses

7,450,011

5,763,609

29.26%

Exploration and Prospecting Expenditure

3,880,797

6,462,126

-39.95%

Other Charges

726,290

501,943

44.70%

Other (Expenses)/Income

820,328

559,789

46.54%

Operating Profit

11,714,539

6,794,780

72.40%

Finance Income

233,006

340,730

-31.62%

Finance Cost

798,086

574,058

39.03%

Profit before Taxation

11,149,459

6,561,452

69.92%

Provision for Taxation

2,013,265

509,997

294.76%

Profit for the Year

9,136,194

6,051,455

50.98%

Earnings per share - basic and diluted

Earnings per ordinary share (Rupees)

82.87

54.89

50.97%

Distributable earnings per Ordinary Share (Rupees)

5.91

5.55

6.49%