Thursday, August 11, 2022
HomeUncategorizedEarnings Report: Pakistan Oilfields Ltd. (PSX: POL) today reported Financial Results for...

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
RELATED ARTICLES
- Advertisment -

Most Popular