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HomeEquityEarnings Report: Hascol Petroleum Ltd. (PSX: HASCOL) today reported Financial Results for...

Earnings Report: Hascol Petroleum Ltd. (PSX: HASCOL) today reported Financial Results for the Three and Six months ended June 30, 2017

Hascol Petroleum Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Net Sales for the period increased by 79 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 29 percent.

The board has recommended an interim Cash Dividend for the half year ended June 30, 2017 at the rate of 35% i.e. Rs 3.50/- per share. The board issued no bonus or right shares.

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Six Months Ended

Key Financials

Jan – June, 2017

Jan – Jun, 2016

% Change

 

Amounts in PKR ‘000

Sales – net

94,552,773

59,260,277

59.56%

Sales tax

17,022,134

15,964,165

6.63%

Net sales

77,530,639

43,296,112

79.07%

Other Revenue

211,890

70,852

199.06%

Net Revenue

77,742,529

43,366,964

79.27%

Cost of Products Sold

74,692,636

41,197,394

81.30%

Gross Profit

3,049,893

2,169,570

40.58%

Selling and dist: Expenses

1,167,850

771,993

51.28%

Admin: Expenses

301,082

258,263

16.58%

Other income

133,675

90,044

48.46%

Operating Profit

1,714,636

1,229,358

39.47%

Finance Cost

262,358

211,013

24.33%

Other (charges)/income

22,647

32,460

-30.23%

Profit before Taxation

1,429,631

985,885

45.01%

Taxation

639,024

373,858

70.93%

Profit for the period

790,607

612,027

29.18%

EPS – Basic & diluted

6.55

5.07

29.19%

 

Company release on Earnings Report can be accessed here.

Posted on: 2017-08-30T15:56:00+05:00
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