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

By MG News | September 11, 2017 at 01:35 PM GMT+05:00

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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.

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