Pakistan Oilfields Ltd attains 10% growth in earnings due to higher USD average

Dec-19

Dec-18

% Change

Sales

24,024,925

24,566,924

-2.21%

Sales tax

(1,843,233)

(1,877,358)

-1.82%

Net Sales

22,181,692

22,689,566

-2.24%

Operating costs

(5,488,317)

(5,958,836)

-7.90%

Excise duty

(146,052)

(155,634)

-6.16%

Royalty

(2,339,408)

(2,244,584)

4.22%

Amortization of development and decommissioning costs

(1,245,828)

(1,802,600)

-30.89%

Gross Profit

12,962,087

12,527,912

3.47%

Exploration cost

(790,648)

(810,154)

-2.41%

Administrative expenses

(115,337)

(118,135)

-2.37%

Finance cost

(447,891)

(1,748,604)

-74.39%

Other charges

(812,721)

(867,175)

-6.28%

Other income

1,110,112

2,781,487

-60.09%

Share in (loss)/profits of associated companies  - net of impairment loss

107,042

349,862

-69.40%

Profit before taxation

12,012,644

12,115,193

-0.85%

Provision for taxation

(3,281,103)

(4,211,073)

-22.08%

Profit after taxation

8,731,541

7,904,120

10.47%

Earnings per share - basic and diluted (Rupees)

30.73

27.83

10.42%