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Mettis Global News
Mettis Global News
Mettis Global News

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Pakistan Refinery Ltd. profit for 1QFY18 rises 185% to Rs. 348 million

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  • Pakistan Refinery Net Sales for the period increased by 7%, amounting to a total of 18.43 billion Rupees during the Quarter ended September, 30th 2017
  • Company’s Gross Profit for the period increased by 58.56% to a total of 798 million
  • The Profit after tax for the period increased 185% reaching 348 million compared to previous year’s same period profits of Rs. 122 million Rupees.
  • The company’s earnings per share reached 1.12 rupees per share against 0.40 rupees same quarter last year

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

Net Sales

18,439,560

17,238,980

6.96%

Cost of sales

17,641,243

16,735,509

5.41%

Gross Profit

798,317

503,471

58.56%

Distribution cost

50,568

48,799

3.63%

Administrative Expenses

78,801

66,373

18.72%

Other operating expenses

60,303

61,965

-2.68%

Other income

42,761

52,265

-18.18%

Operating profit

651,406

378,599

72.06%

Finance cost

120,839

163,941

-26.29%

Share of income of associate

527

1,368

-61.48%

Profit before Taxation

531,094

216,026

145.85%

Taxation

182,488

93,815

94.52%

Profit after Taxation

348,606

122,211

185.25%

EPS

1.12

0.40

180.00%

Company release on Earnings Report can be accessed here.

Posted on: 2017-10-26T16:17:00+05:00