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

MG News | September 11, 2017 at 02:22 PM GMT+05:00

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Attock Refinery Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Net Sales for the period increased by 52 percent in the outgoing year, whereas the company reported Profits for the Period against losses in the same period last year.

The board has recommended an interim Cash Dividend for the year ended June 30, 2017 at the rate of 60% i.e. Rs 6/- per share. The board issued no bonus or right shares.

Comparison of Key Financials

Unconsolidated Profit and Loss Account - For the Twelve Ended
Key Financials	2017	2016	% Change
	Amounts in PKR ‘000
Gross Sales	139,515,951	95,960,398	45.39%
Taxes, Duties, Levies & Price Differential	38,104,159	29,395,474	29.63%
Net Sales	101,411,792	66,564,755	52.35%
Cost of Sales	97,078,919	(901,381)
Gross Profit/(Loss)	4,332,873	520,546	732.37%
Admin Expenses	5,950,263	50,538	11673.84%
Dist: Cost	49,047	5,800	745.64%
Other Charges	202,660	576,884	-64.87%
Other Income	1,434,222	927,384	54.65%
Operating Profit/(Loss)	4,920,365	(551,331)
Finance Cost	1,263,141	156,881	705.16%
Profit before Taxation from Refinery Operations	3,657,224	(708,212)
Taxation	42,111	4,819	773.85%
Profit after Taxation from Refinery Operations	3,699,335	(703,393)
Profit for the Year	5,413,664	816,350	563.15%
E(L)PS - Basic & Diluted	63.47	9.57	563.22%

Company release on Earnings Report can be accessed here.

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