Pakistan State Oil profit rises 15% to 5 billion

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By MG News | October 23, 2017 at 10:47 AM GMT+05:00

0:00
  • 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
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

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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