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.
