PSO’s profits deteriorate by 16.87%

06:20
October 29, 2018
MG

October 29, 2018 (MLN): Pakistan State Oil (PSO)’s profits during the 1^st quarter ended 30^th September 2018 has declined by 16.87% as a result of higher finance cost and fall in other income.

According to the financial results announced, company has reported a decline in other income of about 56.15% and finance cost has surged by 1.06 billion (141.52%), whereas, share of profit from associates also declined by 24% and taxes witnessed a small increase of 0.78%, the overall impact of which further dropped down profits of the company.

The Earnings per share of the company reported a decline of 16.92% for the quarter ended September 30, 2018.

Financial Results for the 1st Quarter Ended September 30th 2018 ('000 Rupees)
	Sep-18	Sep-17	% Change
Gross sales	331,124,546	324,756,003	1.96%
Sales tax, Discounts and IFEM	(51,096,521)	(66,111,129)	-22.71%
Net Sales	280,028,025	258,644,874	8.27%
Cost of products sold	(269,121,626)	(249,472,509)	7.88%
Gross Profit	10,906,399	9,172,365	18.90%
Other income	970,454	2,213,045	-56.15%
Operating cost	(3,580,855)	(3,367,628)	6.33%
Profit from operations	8,295,998	8,017,782	3.47%
Finance costs	(1,826,054)	(756,072)	141.52%
Share of profit of associates – net of tax	119,959	157,959	-24.06%
Profit before taxation	6,589,903	7,419,669	-11.18%
Taxation	(2,409,019)	(2,390,272)	0.78%
Profit after taxation	4,180,884	5,029,397	-16.87%
Earnings per share – basic and diluted (Rupees)	12.82	15.43	-16.92%

Copyright Mettis Link News

Posted on: 2018-10-29T11:20:00+05:00

23942

FOREX

EQUITY

COMMODITIES

FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.20000	278.40000	278.40000	278.20000	01:03 PM
2	EUR	1.06690	1.06720	1.06720	1.06690	08:57 AM
3	GBP	1.23680	1.23700	1.23700	1.23680	08:57 AM
4	CHF	0.91026	0.91075	0.91074	0.91026	09:08 AM
5	JPY	154.62000	154.63000	154.63000	154.62000	08:57 AM
6	CAD	1.37970	1.38020	1.38020	1.37970	08:57 AM
7	AUD	0.64140	0.64180	0.64180	0.64140	08:57 AM
8	INR	83.37020	83.37070	83.37070	83.37020	08:00 PM
9	SAR	3.75120	3.75140	3.75140	3.75120	05:00 PM
10	AED	3.67220	3.67320	3.67320	3.67220	01:57 AM
11	HKD	7.83140	7.83150	7.83150	7.83140	08:57 AM
12	CNH	7.23884	7.23892	7.23892	7.23884	08:00 PM
13	CNY	7.24030	7.24040	7.24040	7.24030	07:10 PM
14	THB	36.80000	36.82000	36.82000	36.80000	08:00 PM
15	MYR	4.78150	4.78650	4.78650	4.78150	08:00 PM
16	IDR	16,210.30000	16,226.20000	16,226.20000	16,210.30000	04:17 AM
17	SGD	1.36080	1.36180	1.36180	1.36080	08:57 AM
18	NZD	0.58850	0.58910	0.58910	0.58850	07:40 AM
19	MXN	17.08550	17.11550	17.11550	17.08550	08:57 AM
20	TRY	32.48060	32.49060	32.49060	32.48060	08:00 PM
21	SEK	10.89960	10.92770	10.92770	10.89960	08:57 AM
22	ZAR	18.77030	19.81930	19.81933	18.77031	08:57 AM
23	NOK	11.01490	11.02090	11.02090	11.01490	08:57 AM
24	DKK	7.00130	7.00230	7.00230	7.00130	07:40 AM
25	ARS	870.10300	870.11100	870.11115	870.10271	09:08 AM
26	BDT	107.82100	111.19400	111.19441	107.82063	05:38 AM
27	BHD	0.37700	0.37710	0.37710	0.37700	08:32 PM
28	BRL	5.20716	5.25402	5.25402	5.20716	05:38 AM
29	KRW	1,373.58000	1,375.41000	1,375.41000	1,373.58000	04:17 AM
30	KWD	0.30836	0.30846	0.30846	0.30836	01:56 AM
31	LKR	298.08400	304.64400	304.64364	298.08350	05:38 AM
32	OMR	0.38498	0.38515	0.38515	0.38498	01:57 AM
33	QAR	3.64600	3.64900	3.64900	3.64600	01:59 AM
34	RUB	93.20000	94.60000	94.60000	93.20000	08:00 PM
35	AFN	70.89640	72.77070	72.77072	70.89640	05:38 AM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:27 AM
37	TMT	3.36000	3.66000	3.66000	3.36000	08:00 PM
38	MVR	15.25000	15.65000	15.65000	15.25000	08:00 PM
39	UZS	12,636.70000	12,702.30000	12,702.31011	12,636.70868	05:38 AM
40	PHP	57.45800	57.68800	57.68800	57.45800	08:00 PM
42	NGN	1,149.00000	1,153.00000	1,153.00000	1,149.00000	08:00 PM
43	KES	129.80600	132.61800	132.61797	129.80648	05:38 AM
44	AMD	365.11900	421.34900	421.34858	365.11879	05:38 AM
45	TWD	32.53300	32.53900	32.53900	32.53300	04:17 AM
46	XAU	2,390.01000	2,391.71000	2,391.71000	2,390.01000	07:06 AM
47	XAG	28.65580	28.68580	28.68580	28.65580	07:06 AM
48	XPT	931.58700	937.31300	937.31280	931.58720	02:00 AM
49	XPD	1,026.51000	1,034.34000	1,034.33590	1,026.50920	02:00 AM
2,120	VES	36.25120	36.34210	36.34210	36.25125	08:00 PM
2,212	UGX	3,759.90000	3,844.24000	3,844.24348	3,759.89879	05:38 AM
2,213	TZS	2,532.50000	2,626.21000	2,626.21245	2,532.49613	05:38 AM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	70,968.98	70,909.904	70,186.93	619.785	0.882	214,724,945.0	13,651,927,649.760	19/04/2024 05:13 PM
ALLSHR	46,573.62	46,547.234	46,105.96	339.379	0.735	475,634,499.0	23,214,193,723.360	19/04/2024 05:13 PM
KSE30	23,393.38	23,376.569	23,058.97	282.759	1.224	116,554,680.0	11,831,374,214.290	19/04/2024 05:13 PM
KMI30	118,779.97	118,572.725	117,247.45	1,218.125	1.038	148,956,005.0	11,119,881,421.450	19/04/2024 05:13 PM
KMIALLSHR	33,051.27	33,022.390	32,695.54	298.524	0.912	317,804,569.0	19,951,289,708.390	19/04/2024 05:13 PM
BKTi	17,861.34	17,826.912	17,489.40	244.864	1.393	16,782,769.0	1,601,100,031.210	19/04/2024 05:13 PM
OGTi	16,766.60	16,652.098	16,435.08	192.159	1.167	13,610,174.0	1,842,349,761.040	19/04/2024 05:13 PM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	64,150.0	65,640.0	59,635.0	490.00
BRENT CRUDE	EB	87.4	90.8	86.2	0.28
RICHARDS BAY COAL MONTHLY	EF	105.5	0.0	0.0	-6.15
ROTTERDAM COAL MONTHLY	ET	120.0	0.0	0.0	-0.35
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	82.1	85.6	81.1	0.01
SUGAR #11 WORLD	SB	19.6	19.8	19.3	0.03

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