Attock Petroleum Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Net Sales for the period increased by 27 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 39 percent.
The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 275% i.e. Rs 27.50/- per share. This is in addition to the interim dividend already paid at Rs. 15.00/- per share i.e. 150%. The board issued no bonus or right shares.
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Year Ended
Key Financials
June, 2017
Jun, 2016
% Change
Amounts in PKR ‘000
Sales
172,081,286
144,108,307
19.41%
Sales tax
33,420,621
34,873,946
-4.17%
Net Sales
138,660,665
109,234,361
26.94%
Cost of Products Sold
131,325,344
103,485,300
26.90%
Gross Profit
7,335,321
5,749,061
27.59%
Other Income
912,713
935,860
-2.47%
Operating Expenses
1,880,857
1,700,072
10.63%
Operating Profit
6,367,177
4,984,849
27.73%
Finance Income
1,137,277
1,121,152
1.44%
Finance Costs
324,461
200,372
61.93%
Net Finance Income
812,816
920,780
-11.73%
Profit before Taxation
7,699,168
5,633,450
36.67%
Provision for Income Tax
2,400,000
1,804,865
32.97%
PAT
5,299,168
3,828,585
38.41%
EPS – Basic and diluted
63.89
46.18
38.35%
Company release on Earnings Report can be accessed here.