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

By MG News | September 15, 2017 at 04:10 PM GMT+05:00

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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 Year Ended
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.

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