Earnings Report: Pakistan Oilfields Ltd. (PSX: POL) today reported Financial Results for the Twelve months ended June 30, 2017

    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.

    Posted on: 2017-09-11T15:43:00+05:00