Pakistan Petroleum Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Net Sales for the period increased by 46 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 107 percent.
The board has recommended a Cash Dividend for the year ended June 30, 2017 at the rate of 60% i.e. Rs. 6/- per share. The board issued no bonus or right shares.
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the YearEnded
Key Financials
2017
2016
% Change
Amounts in PKR ‘000
Net Sales
116,986,307
80,151,211
45.96%
Operating Expenses
31,246,938
25,906,633
20.61%
Royalties and other levies
21,257,451
9,298,070
128.62%
Gross Profit
64,481,918
44,946,508
43.46%
Exploration Expenses
10,788,063
15,678,270
-31.19%
Admin: Expenses
2,771,558
3,288,242
-15.71%
Finance Costs
461,081
658,967
-30.03%
Other Charges
7,136,775
4,032,440
76.98%
Other Income
4,804,234
5,418,127
-11.33%
Profit before Taxation
48,128,675
26,706,716
80.21%
Tax
12,450,032
9,464,697
31.54%
PAT
35,678,643
17,242,019
106.93%
EPS – Basic & diluted
18.10
8.74
107.09%
Company release on Earnings Report can be accessed here.
