Corporate Alert: Pakistan State Oil Co. declares a DPS of Rs.15/- per share and reports an EPS of 35.69 for the year ended June 30, 2017

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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.

Posted on: 2017-08-08T10:18:00+05:00

Data is delayed by 20 minutes

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