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.
