Earnings Report: Pakistan Oilfields Ltd. (PSX: POL) today reported Financial Results for the Twelve months ended June 30, 2017
MG News | September 11, 2017 at 03:43 PM GMT+05:00
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.
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