Attock Refinery Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Net Sales for the period increased by 52 percent in the outgoing year, whereas the company reported Profits for the Period against losses in the same period last year.
The board has recommended an interim Cash Dividend for the year ended June 30, 2017 at the rate of 60% i.e. Rs 6/- per share. The board issued no bonus or right shares.
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Twelve Ended |
|||
Key Financials |
2017 |
2016 |
% Change |
Amounts in PKR ‘000 |
|||
Gross Sales |
139,515,951 |
95,960,398 |
45.39% |
Taxes, Duties, Levies & Price Differential |
38,104,159 |
29,395,474 |
29.63% |
Net Sales |
101,411,792 |
66,564,755 |
52.35% |
Cost of Sales |
97,078,919 |
(901,381) |
|
Gross Profit/(Loss) |
4,332,873 |
520,546 |
732.37% |
Admin Expenses |
5,950,263 |
50,538 |
11673.84% |
Dist: Cost |
49,047 |
5,800 |
745.64% |
Other Charges |
202,660 |
576,884 |
-64.87% |
Other Income |
1,434,222 |
927,384 |
54.65% |
Operating Profit/(Loss) |
4,920,365 |
(551,331) |
|
Finance Cost |
1,263,141 |
156,881 |
705.16% |
Profit before Taxation from Refinery Operations |
3,657,224 |
(708,212) |
|
Taxation |
42,111 |
4,819 |
773.85% |
Profit after Taxation from Refinery Operations |
3,699,335 |
(703,393) |
|
Profit for the Year |
5,413,664 |
816,350 |
563.15% |
E(L)PS – Basic & Diluted |
63.47 |
9.57 |
563.22% |
Company release on Earnings Report can be accessed here.