Pakistan Petroleum Limited profits rise by 74.06 percent to Rs. 33.192 billion
MG News | April 24, 2018 at 04:16 PM GMT+05:00
Pakistan Petroleum Limited (PPL) today announced financial results for the nine months period ending 31 March, 2018 reporting Sales at Rs. 91.822 billion; an increase of 43.53 percent. Furthermore, the company’s Gross Profit jumped to Rs. 54.021 billion during the outgoing nine months.
On the expenses front, PPL reported 0.74 percent decrease in Exploration Expenses, 46.69 percent increase in Administrative Expenses, whereas, other charges incurred by the company jumped 117.81 percent during the period.
Furthermore, PPL also reported a 91.47 increase in Other Income reaching Rs. 6.571 billion during the nine months.
Pakistan Petroleum Limited reported profit after taxation at Rs. 33.192 billion against Rs. 19.070 billion during the same period last year translating into an EPS of Rs. 16.83 vs. an EPS of Rs. 19.070 during the nine months ending March, 2017.
| Unconsolidated Profit and Loss Account - For the Nine Months Ended, March 30th 2018 | |||
|---|---|---|---|
| Key Financials | March, 2018 | March, 2017 | % Change |
| Amounts in PKR’ 000 | |||
| Sales Net | 91,822,944 | 63,973,279 | 43.53% |
| Operating Expenses | 24,323,041 | 22,920,751 | 6.12% |
| Royalties and Other Levies | 13,478,297 | 7,594,289 | 77.48% |
| Gross Profit | 54,021,606 | 33,458,239 | 61.46% |
| Exploration Expenses | 7,090,343 | 7,143,333 | -0.74% |
| Administrative Expenses | 2,012,083 | 1,371,643 | 46.69% |
| Finance Costs | 450,478 | 347,137 | 29.77% |
| Other Charges | 3,092,303 | 1,419,726 | 117.81% |
| Other Income | 6,571,383 | 3,432,120 | 91.47% |
| Profit before Taxation | 47,947,782 | 26,608,520 | 80.20% |
| Taxation | 14,754,790 | 7,538,298 | 95.73% |
| Profit after Taxation | 33,192,992 | 19,070,222 | 74.06% |
| EPS - Basic and diluted | 16.83 | 9.67 | 74.04% |
Company release on Earnings Report can be accessed here.
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