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

MG News | September 11, 2017 at 12:28 PM GMT+05:00

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

The company’s Net Sales for the period increased by 15 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 5 percent.

The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 225% i.e. Rs 22.50/- per share. The board issued no bonus or right shares.

Comparison of Key Financials

Unconsolidated Profit and Loss Account - For the Year Ended
Key Financials	2017	2016	% Change
	Amounts in PKR ‘000
Gross Sales	150,625,769	141,294,741	6.60%
Trade Discounts, Taxes, Duties, Levies % Price Differential	43,178,325	47,506,363	-9.11%
Net Sales	107,447,444	93,788,378	14.56%
Cost of Sales	97,647,936	82,745,292	18.01%
Gross Profit	9,799,508	11,043,086	-11.26%
Distribution Cost	734,788	685,635	7.17%
Admin: Expenses	841,192	752,538	11.78%
Other Income	724,818	1,514,185	-52.13%
Other Operating Expenses	450,649	754,545	-40.28%
Oeprating Profit	8,497,697	10,364,553	-18.01%
Finance Cost	182,526	275,527	-33.75%
Profit before Taxation	8,315,171	10,089,026	-17.58%
Taxation	269,390	2,400,950	-88.78%
PAT	8,045,781	7,688,076	4.65%
EPS - Basic & diluted	100.61	96.14	4.65%

Company release on Earnings Report can be accessed here.

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