Pakistan State Oil Co. announced Financial Results for the year ended June 30, 2017.
The company’s Net Turnover for the period increased by 21 percent in the outgoing year, whereas the Profit after Taxation for the Period increased 77 percent.
The board has recommended a Final Cash Dividend at the rate of 150% i.e. Rs 15/-, this is in addition to Interim Dividend already paid at Rs. 10/- per share. The Board has recommended to issue Bonus Shares in the proportion of one share every 5 shares held i.e., 20%.
Comparison of Key Financials:
|
Financial Results – For the Year Ended |
|||
|
Key Financials |
June 30, 2017 |
June 30, 2016 |
% Change |
|
Gross Sales |
1,096,543,891 |
906,177,785 |
21% |
|
Sales tax, discounts and IFEMs |
218,397,105 |
228,237,308 |
-4% |
|
Net Sales |
878,146,786 |
677,939,877 |
30% |
|
Cost of Product Sold |
840,948,073 |
655,414,551 |
28% |
|
Gross Profit |
37,198,713 |
22,525,326 |
65% |
|
Other Income |
10,744,932 |
12,798,264 |
-16% |
|
Operating Costs |
13,281,902 |
12,497,294 |
6% |
|
Profit from Operations |
34,661,743 |
22,826,296 |
52% |
|
Finance Costs |
5,923,256 |
7,149,592 |
-17% |
|
Share of profit of associates – net of tax |
608,380 |
612,504 |
-1% |
|
Profit before taxation |
29,346,867 |
16,289,208 |
80% |
|
Taxation |
11,121,242 |
6,016,078 |
85% |
|
Profit for the year |
18,225,625 |
10,273,130 |
77% |
|
Earnings – basic and diluted |
67.08 |
37.81 |
77% |
Amounts in PKR ‘000
The complete statements can be accessed here.
