Earnings Report: Attock Petroleum Ltd. (PSX: APL) today reported Financial Results for the Twelve months ended June 30, 2017

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.

Posted on: 2017-09-11T13:35:00+05:00