Mari Petroleum enjoys 42% rise in overall profits

Sep-18

Sep-17

% Change

Gross sale to customers

                 27,128,905

                 24,537,870

10.56%

Gas development surcharge

                       540,055

                   3,109,535

-82.63%

General sales tax

                   2,639,022

                   2,893,925

-8.81%

Excise duty

                       494,841

                       478,803

3.35%

Gas infrastructure development cess

                   9,113,870

                   8,720,129

4.52%

Sales- net

                 14,341,117

                   9,335,478

53.62%

Royalty

                   1,827,651

                   1,187,246

53.94%

Operating expenses

                   2,768,037

                   1,931,564

43.31%

Exploration and prospecting expenditure

                   1,675,867

                       245,272

583.27%

Other charges

                       586,923

                       345,059

70.09%

Other (expenses)/income

                       239,019

                     (358,641)

Operating profits

                   7,721,658

                   5,267,696

46.59%

Finance income

                       267,615

                       119,347

124.23%

Finance cost

                       287,513

                       295,950

-2.85%

Profit before taxation

                   7,701,760

                   5,091,093

51.28%

Provision for taxation

                   2,559,524

                   1,477,998

73.18%

Profit for the year

                   5,142,236

                   3,613,095

42.32%

Earnings per ordinary share

46.64

32.77

42.33%

Distributable earnings per ordinary share

1.75

1.61

8.70%