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.
