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.
