Earning Preview: POL to post significant rise in bottom-line earnings

April 11, 2019 (MLN): Pakistan Oilfield Limited (POL)’s board of directors meeting is scheduled for the second half today, where the company is expected to review and finalize its financial statement for the third quarter on fiscal year 2019 (FY19).

The following brokerage houses have shared their projections of the company’s net gains for the last quarter and the cumulative period:

Brokerage House

3QFY19

EPS (% Change over year)

9MFY19

EPS (% Change over the year)

Arif Habib Limited

Rs.3.84 billion

Rs.13.54 (+24%)

Rs.11.73 billion

Rs.41.33 (+49%)

Ismail Iqbal Securities

Rs.3.97 billion

Rs.14 (+28%)

Rs.11.86

Rs.41.8 (+51%)

Shajar Capital

Rs.3.83 billion

Rs.13.5

Rs.11.72 billion

Rs.41.29 (+49%)

Al Habib Capital Market

Rs.3.95 billion

Rs.13.9 (+27%)

Rs.11.8 billion

Rs.41.7 (+50%)

As can be seen in the table, the common expectation this time around is for POL to post over 24% year-on-year increase in quarterly profit, and around 50% rise in cumulative earning.

Higher profitability for the 9 month period can be accredited to enhanced topline due to a hike in realized oil prices, and increased secondary income supported by depreciation of Pakistani Rupee against US dollar, which was recorded at around 25% YoY.

Copyright Mettis Link News

Posted on: 2019-04-11T12:12:00+05:00

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