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.