Pakistan State Oil profit rises 15% to 5 billion
MG News | October 23, 2017 at 10:47 AM GMT+05:00
- Pakistan State Oil Gross Sales for the period increased by 34%, amounting to a total of 324 billion Rupees during the Quarter ended September, 30th 2017
- Company’s Finance Costs decreased by 41%
- The Profit after tax for the period increased 15% reaching 5 billion compared to same period last year’s profit of 4.37 billion Rupees.
- The company’s earnings per share reached 18.51 Rupees/Share
| Unconsolidated Profit and Loss Account - For the Quarter Ended, September 30th 2017 | |||
|---|---|---|---|
| Key Financials | 2017 | 2016 | % Change |
| Amounts in PKR ‘000 | |||
| Gross Sales | 324,756,003 | 241,363,698 | 34.55% |
| Sales Tax, discounts and IFEM | 66,111,129 | 47,863,127 | 38.13% |
| Net Sales | 258,644,874 | 193,500,571 | 33.67% |
| Cost of Products Sold | 249,454,874 | 183,878,795 | 35.66% |
| Gross Profit | 9,190,065 | 9,621,776 | -4.49% |
| Other Income | 2,213,045 | 1,909,085 | 15.92% |
| Operating Costs | 3,385,328 | 3,596,204 | -5.86% |
| Profit from Operations | 8,017,782 | 7,934,657 | 1.05% |
| Finance Costs | 756,072 | 1,278,584 | -40.87% |
| Profit before Taxation | 7,419,669 | 6,786,097 | 9.34% |
| Taxation | 2,390,272 | 2,410,278 | -0.83% |
| Profit for the period | 5,029,397 | 4,375,819 | 14.94% |
| EPS - Basic & diluted | 18.51 | 16.11 | 14.90% |
Company release on Earnings Report can be accessed here.
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