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

Pakistan Refinery Ltd. announced Financial Results for the period ended June 30, 2017.

The refinery’s Net Sales for the period increased by 8.03 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 274 percent.

The board has recommended no Cash Dividend, any 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

69,928,562

64,732,948

8.03%

Cost of Sales

67,418,422

62,743,236

7.45%

Gross Profit

2,510,140

1,989,712

26.16%

Dist: Cost

191,188

170,473

12.15%

Admin: Expenses

348,828

283,936

22.85%

Other Operating Expenses

493,888

780,578

-36.73%

Other Income

557,772

635,351

-12.21%

Operating Profit

2,034,008

1,390,076

46.32%

Net Finance Cost

603,728

908,780

-33.57%

Share of Income of Associate

10,602

5,327

99.02%

Profit before Taxation

1,440,882

486,623

196.10%

Taxation

380,604

203,232

87.28%

PAT

1,060,278

283,391

274.14%

EPS – Basic & Diluted

3.45

0.93

270.97%

 

Company release on Earnings Report can be accessed here.

Posted on: 2017-09-12T16:11:00+05:00