Pakistan Oilfields Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Net Sales for the period increased by 10 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 34 percent.
The board has recommended a Cash Dividend for the year ended June 30, 2017 at the rate of 250% i.e. Rs 25/- per share. This is in addition to the interim dividend already paid at Rs. 15/- 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
2017
2016
% Change
Amounts in PKR ‘000
Sales
29,871,439
27,370,266
9.14%
Sales Tax
2,590,990
2,522,048
2.73%
Net Sales
27,280,449
24,848,218
9.79%
Operating Costs
8,383,542
8,871,954
-5.51%
Excise Duty
271,619
264,855
2.55%
Royalty
2,344,306
2,020,909
16.00%
Gross Profit
14,071,676
11,242,798
25.16%
Exploration Costs
1,468,325
2,052,117
-28.45%
Admin: Expenses
109,012
139,534
-21.87%
Finance Costs
746,365
1,021,946
-26.97%
Other Charges
808,911
560,332
44.36%
Other Income
1,473,230
1,411,080
4.40%
Profit before Taxation
12,412,293
8,879,949
39.78%
Taxation
2,733,787
1,646,134
66.07%
PAT
9,678,506
7,233,815
33.80%
EPS – Basic & Diluted
40.92
30.58
33.81%
Company release on Earnings Report can be accessed here.
