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

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.

Posted on: 2017-09-11T14:22:00+05:00