January 18, 2020 (MLN): Attock Petroleum Limited (APL) is scheduled to announce its financial results for 1HFY20 on 21st January 2020.
According to the projection table given below, all three brokerage houses expect the company to report an increase in its earnings by 11% to 14% YoY.
Earnings per share (EPS)
% change YoY
Rs 2.3 billion
Rs 2.35 billion
Rs 2.4 billion
This rise in profitability is expected due to lower inventory losses despite a decline in volumes during 1HFY20 when compared to the same period of last fiscal year.
The finance cost is expected to surge on the back of markup on delayed payment, as per Darson's research.
According to AKD research, APL’s market share has suffered by 10.5% in HFY20 against 11.4% in 1HFY19 as an influx of grey products, especially HSD, has started hurting while the aggressive strategy of players is also playing a part.
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