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:
EPS (% Change over year)
EPS (% Change over the year)
Arif Habib Limited
Ismail Iqbal Securities
Al Habib Capital Market
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.