April 11, 2019 (MLN): Attock Petroleum Limited (APL) is scheduled to announce its financial results for 9MFY19 on April 11, 2019 i.e. today. The Profit after Tax of the company is likely to decline by 20% YoY, as suggested by Shajar Capital, whereas the forecast made by Arif Habib Limited stands at 23% YoY. Moreover, PAT during the outgoing quarter is expected to come down by around 9% as compared to the same period last year (SPLY).
Due to decline in volume of High Speed Diesel by 18% QoQ, Arif Habib expects the net revenue for 3QFY19 to come down by 9%, whereas Shajar Capital suggests a decline of a whopping 20%. Moreover, the company’s topline earnings are expected to grow by around 33% as per Shajar Capital, to 39% as per Arif Habib Limited, in 9MFY19 on the back of massive increase in product prices.
Gross margins for 9MFY19 are likely to settle at 3.67% as compared to 5.67% in SPLY, on account of inventory losses realized in the period under review. Meanwhile, gross margins for 3QFY19 are expected to settle at 4.10% compared to 5.49% in SPLY due to slowdown in sale of high margin products.
