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

By MG News | October 26, 2017 at 04:17 PM GMT+05:00

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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, 30^th 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 30^th 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.

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,580.00	108,590.00 105,440.00	2830.00 2.68%
BRENT CRUDE	67.32	68.10 66.94	0.21 0.31%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	0.75 0.78%
ROTTERDAM COAL MONTHLY	109.20	110.00 108.25	1.70 1.58%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	65.55	66.43 65.23	0.10 0.15%
SUGAR #11 WORLD	15.52	15.97 15.45	-0.18 -1.15%