Pakistan Oilfields profit rises 9% to Rs. 2.5 billion

By MG News | October 19, 2017 at 03:51 PM GMT+05:00

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Pakistan Oilfields Net Sales for the period increased by 26.5%, amounting to a total of 7.24 billion Rupees during the Quarter ended September, 30^th 2017
Company’s Gross Profit for the period increased by 56%
Exploration costs for the period saw a significant growth by more than 322%
The Profit after tax for the period increased 9.35% reaching 2.5 billion compared to same year last year’s profit of 2.3 billion Rupees.
The company’s earnings per share reached 10.71 Rupees/Share

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Quarter Ended, September 30^th 2017
Key Financials	2017	2016	% Change
	Amounts in PKR ‘000
Sales	7,925,551	6,293,439	25.93%
Net Sales	7,240,804	5,724,190	26.49%
Operating Costs	1,973,382	2,024,699	-2.53%
Gross Profit	4,022,679	2,579,085	55.97%
Exploration Costs	272,448	64,497	322.42%
Administration Expenses	37,979	37,680	0.79%
Finance Costs	188,400	194,820	-3.30%
Other Income	248,773	716,607	-65.28%
Profit before Taxation	3,528,299	2,827,025	24.81%
Taxation	994,125	509,555	95.10%
Profit for the Period	2,534,174	2,317,470	9.35%
EPS - Basic & Diluted	10.71	9.80	9.29%

Company release on Earnings Report can be accessed here.

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	107,390.00	108,105.00 107,040.00	-845.00 -0.78%
BRENT CRUDE	66.85	66.97 66.34	0.11 0.16%
RICHARDS BAY COAL MONTHLY	97.00	0.00 0.00	0.20 0.21%
ROTTERDAM COAL MONTHLY	103.80	103.80 103.80	-3.45 -3.22%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	65.18	65.32 64.67	0.07 0.11%
SUGAR #11 WORLD	16.07	16.21 16.06	-0.13 -0.80%