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

By MG News | September 12, 2017 at 04:11 PM GMT+05:00

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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.

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