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

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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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