- Mari Petroleum Net Sales for the period increased by 28.54% reaching a total of 9.33 billion during the 1st Quarter
- On the other hand, company’s exploratory and prospecting expenses decreased substantially by more than 48% during the quarter
- Adding to the bottom line, company’s finance income went from 25.78 million to 119.34 million; an increase of 363% during the reported period
- 1st Quarter Profit after tax for the petroleum giant reached 3.61 billion compared to same quarter last year’s profits of 2.765 billion rupees; an increase of 30.64%.
- The company’s earnings per share reached 1.61 rupees against 1QFY17 EPS of 1.50 rupees
|
Unconsolidated Profit and Loss Account – For the Quarter Ended, September 30th 2017 |
|||
|---|---|---|---|
|
Key Financials |
2017 |
2016 |
% Change |
|
Amounts in PKR ‘000 |
|||
|
Gross Sales to customers |
24,537,870 |
26,025,546 |
-5.72% |
|
Gas Development Surcharge |
3,109,535 |
6,286,451 |
-50.54% |
|
General Sales Tax |
2,893,925 |
3,693,617 |
-21.65% |
|
excise duty |
478,803 |
456,539 |
4.88% |
|
Gas Infrastructure Development Cases |
8,720,129 |
8,326,000 |
4.73% |
|
Sales – net |
9,335,478 |
7,262,939 |
28.54% |
|
Royalty |
1,187,246 |
908,658 |
30.66% |
|
Operating Expenses |
1,931,564 |
1,576,864 |
22.49% |
|
Exploration and prospecting expenditure |
245,272 |
475,259 |
-48.39% |
|
Other charges |
345,059 |
287,159 |
20.16% |
|
Other income/(expenses) |
(358,641) |
(37,015) |
|
|
Operating Profit |
5,267,696 |
3,977,984 |
32.42% |
|
Finance income |
119,347 |
25,782 |
362.91% |
|
Finance cost |
295,950 |
198,122 |
49.38% |
|
Profit before Taxation |
5,091,093 |
3,805,644 |
33.78% |
|
Taxation |
1,477,998 |
1,039,974 |
42.12% |
|
Profit after Taxation |
3,613,095 |
2,765,670 |
30.64% |
|
EPS – Basic and diluted |
32.77 |
25.09 |
30.61% |
|
Earnings per ordinary share (Rupees) |
1.61 |
1.50 |
7.33% |
Company release on Earnings Report can be accessed here.
