PPL observes a robust growth in its earnings

07:35
April 30, 2019
MG

April 30, 2019 (MLN): Pakistan Petroleum Limited (PPL) recorded a 32% year-on-year increase in profits to Rs 44 billion for the nine months ended on March 31st 2019, translating into earnings per share (EPS) of Rs19.4.

The increase in profits were mainly due to PKR depreciation, as rupee has lost approx 25% of its value during 9MFY19. Moreover, robust net sales (due to hike in oil prices ) and income from other than core exploration business further helped in mounting company's profits.

Additionally, a 2% drop in tax payments during the period helped in earnings accretion.

On the flip side, the company's exploration expenses increased substantially by 77% to Rs 13.1 billion compared to Rs7.4 billion last year.

Consolidated Financial Results for the Nine months ended March 31st 2019 ('000 Rupees)
	Mar-19	Mar-18	% Change
Sales – net	119,560,583	92,131,369	29.77%
Operating expenses	(29,805,272)	(24,581,150)	21.25%
Royalties and other levies	(17,698,118)	(13,506,299)	31.04%
Gross profit	72,057,193	54,043,920	33.33%
Exploration expenses	(13,123,239)	(7,413,286)	77.02%
Administrative expenses	(1,531,341)	(2,042,504)	-25.03%
Finance costs	(524,599)	(469,733)	11.68%
Other charges	(6,049,857)	(2,539,886)	138.19%
	50,828,157	41,578,511	22.25%
Other income	7,703,495	6,634,300	16.12%
Profit before taxation	58,531,652	48,212,811	21.40%
Taxation	(14,504,533)	(14,782,298)	-1.88%
Profit after taxation	44,027,119	33,430,513	31.70%
Basic and diluted earnings per share (Rupees)	19.47	14.74	32.09%

Copyright Mettis Link News

Posted on: 2019-04-30T12:35:00+05:00

27763

FOREX

EQUITY

COMMODITIES

FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.60000	278.80000	278.80000	278.60000	01:02 PM
2	EUR	1.07059	1.07061	1.07061	1.07059	03:12 PM
3	GBP	1.25023	1.25032	1.25032	1.25023	03:12 PM
4	CHF	0.91320	0.91360	0.91360	0.91320	03:12 PM
5	JPY	157.72700	157.73700	157.73700	157.72700	03:12 PM
6	CAD	1.36567	1.36574	1.36574	1.36567	03:12 PM
7	AUD	0.65370	0.65410	0.65410	0.65370	03:12 PM
8	INR	83.39710	83.40300	83.40300	83.39710	03:11 PM
9	SAR	3.75050	3.75070	3.75070	3.75050	12:12 AM
10	AED	3.67240	3.67340	3.67340	3.67240	12:12 AM
11	HKD	7.82810	7.82820	7.82820	7.82810	03:12 PM
12	CNH	7.26656	7.26664	7.26664	7.26656	03:12 PM
13	CNY	7.24640	7.24650	7.24650	7.24640	09:11 PM
14	THB	36.94200	37.09900	37.09900	36.94200	03:11 PM
15	MYR	4.76500	4.77000	4.77000	4.76500	04:58 AM
16	IDR	16,222.00000	16,235.90000	16,235.90000	16,222.00000	03:11 PM
17	SGD	1.36100	1.36200	1.36200	1.36100	03:12 PM
18	NZD	0.59469	0.59475	0.59475	0.59469	03:12 PM
19	MXN	17.13520	17.14020	17.14020	17.13520	03:12 PM
20	TRY	32.46310	32.47310	32.47310	32.46310	03:12 PM
21	SEK	10.92630	10.93530	10.93530	10.92630	03:12 PM
22	ZAR	18.79950	18.81700	18.81700	18.79950	03:12 PM
23	NOK	11.01650	11.01980	11.01976	11.01654	03:12 PM
24	DKK	6.96566	6.96627	6.96627	6.96566	03:12 PM
25	ARS	874.75300	874.76300	874.76320	874.75320	03:11 PM
26	BDT	108.01100	111.36500	111.36523	108.01142	07:19 AM
27	BHD	0.37698	0.37713	0.37713	0.37698	06:54 PM
28	BRL	5.11410	5.11710	5.11710	5.11410	03:11 PM
29	KRW	1,376.04000	1,377.00000	1,377.00000	1,376.04000	03:11 PM
30	KWD	0.30805	0.30815	0.30815	0.30805	12:11 AM
31	LKR	292.57900	299.10100	299.10051	292.57908	07:19 AM
32	OMR	0.38494	0.38509	0.38509	0.38494	06:55 PM
33	QAR	3.64600	3.64800	3.64800	3.64600	12:11 AM
34	RUB	92.27000	92.29000	92.29000	92.27000	08:00 PM
35	AFN	71.15810	73.02130	73.02133	71.15807	07:19 AM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:54 AM
37	TMT	3.35000	3.65000	3.65000	3.35000	08:00 PM
38	MVR	15.26000	15.66000	15.66000	15.26000	08:00 PM
39	UZS	12,600.10000	12,665.30000	12,665.30340	12,600.09037	07:19 AM
40	PHP	57.65100	57.74600	57.74600	57.65100	03:11 PM
42	NGN	1,305.72000	1,306.72000	1,306.72000	1,305.72000	07:26 AM
43	KES	134.00000	136.00000	136.00000	134.00000	08:19 AM
44	AMD	388.08000	388.08000	388.08000	388.08000	08:16 AM
45	TWD	32.58240	32.61240	32.61240	32.58240	03:12 PM
46	XAU	2,339.41000	2,339.77000	2,339.77000	2,339.41000	03:11 PM
47	XAG	27.28360	27.29380	27.29380	27.28360	03:11 PM
48	XPT	912.20000	917.20000	917.20000	912.20000	12:12 AM
49	XPD	954.50000	964.50000	964.50000	954.50000	12:12 AM
2,120	VES	36.33200	36.42320	36.42315	36.33204	08:00 PM
2,212	UGX	3,770.25000	3,854.09000	3,854.09049	3,770.24515	07:19 AM
2,213	TZS	2,589.99000	2,590.01000	2,590.01500	2,589.98500	06:47 AM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	72,862.41	72,742.748	71,764.18	771.347	1.072	302,352,233.0	14,307,377,262.460	26/04/2024 05:12 PM
ALLSHR	47,721.89	47,489.465	47,040.09	314.510	0.667	540,778,150.0	22,562,380,076.020	26/04/2024 05:12 PM
KSE30	24,069.72	24,033.869	23,676.59	284.824	1.199	79,764,833.0	9,454,683,795.040	26/04/2024 05:12 PM
KMI30	122,624.63	122,414.850	120,539.93	1,511.894	1.251	130,473,781.0	8,715,975,575.960	26/04/2024 05:12 PM
KMIALLSHR	34,120.82	34,003.274	33,623.23	303.834	0.902	336,036,323.0	17,261,793,362.150	26/04/2024 05:12 PM
BKTi	18,098.00	18,061.700	17,783.46	189.341	1.059	12,829,416.0	1,502,941,695.300	26/04/2024 05:12 PM
OGTi	17,165.47	17,018.023	16,915.39	-13.038	-0.077	13,158,963.0	1,843,356,910.500	26/04/2024 05:12 PM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	64,575.0	65,395.0	63,775.0	-695.00
BRENT CRUDE	EB	89.3	89.8	88.8	0.32
RICHARDS BAY COAL MONTHLY	EF	105.5	0.0	0.0	-1.25
ROTTERDAM COAL MONTHLY	ET	117.5	117.5	117.5	-1.05
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	83.8	84.5	83.4	0.19
SUGAR #11 WORLD	SB	19.1	19.6	19.0	-0.04

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