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.
Comparison of Key Financials
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.
