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, 30th 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 30th 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.
