Corporate Alert: Pakistan State Oil Co. declares a DPS of Rs.15/- per share and reports an EPS of 35.69 for the year ended June 30, 2017

MG News | August 08, 2017 at 10:18 AM GMT+05:00

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Pakistan State Oil Co. announced Financial Results for the year ended June 30, 2017.

The company’s Net Turnover for the period increased by 21 percent in the outgoing year, whereas the Profit after Taxation for the Period increased 77 percent.

The board has recommended a Final Cash Dividend at the rate of 150% i.e. Rs 15/-, this is in addition to Interim Dividend already paid at Rs. 10/- per share. The Board has recommended to issue Bonus Shares in the proportion of one share every 5 shares held i.e., 20%.

Comparison of Key Financials:

Financial Results - For the Year Ended
Key Financials	June 30, 2017	June 30, 2016	% Change
Gross Sales	1,096,543,891	906,177,785	21%
Sales tax, discounts and IFEMs	218,397,105	228,237,308	-4%
Net Sales	878,146,786	677,939,877	30%
Cost of Product Sold	840,948,073	655,414,551	28%
Gross Profit	37,198,713	22,525,326	65%
Other Income	10,744,932	12,798,264	-16%
Operating Costs	13,281,902	12,497,294	6%
Profit from Operations	34,661,743	22,826,296	52%
Finance Costs	5,923,256	7,149,592	-17%
Share of profit of associates - net of tax	608,380	612,504	-1%
Profit before taxation	29,346,867	16,289,208	80%
Taxation	11,121,242	6,016,078	85%
Profit for the year	18,225,625	10,273,130	77%
Earnings - basic and diluted	67.08	37.81	77%

Amounts in PKR ‘000

The complete statements can be accessed here.

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