National Refinery Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Net Sales for the period increased by 15 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 5 percent.
The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 225% i.e. Rs 22.50/- per share. The board issued no bonus or right shares.
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Year Ended |
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Key Financials |
2017 |
2016 |
% Change |
Amounts in PKR ‘000 |
|||
Gross Sales |
150,625,769 |
141,294,741 |
6.60% |
Trade Discounts, Taxes, Duties, Levies % Price Differential |
43,178,325 |
47,506,363 |
-9.11% |
Net Sales |
107,447,444 |
93,788,378 |
14.56% |
Cost of Sales |
97,647,936 |
82,745,292 |
18.01% |
Gross Profit |
9,799,508 |
11,043,086 |
-11.26% |
Distribution Cost |
734,788 |
685,635 |
7.17% |
Admin: Expenses |
841,192 |
752,538 |
11.78% |
Other Income |
724,818 |
1,514,185 |
-52.13% |
Other Operating Expenses |
450,649 |
754,545 |
-40.28% |
Oeprating Profit |
8,497,697 |
10,364,553 |
-18.01% |
Finance Cost |
182,526 |
275,527 |
-33.75% |
Profit before Taxation |
8,315,171 |
10,089,026 |
-17.58% |
Taxation |
269,390 |
2,400,950 |
-88.78% |
PAT |
8,045,781 |
7,688,076 |
4.65% |
EPS – Basic & diluted |
100.61 |
96.14 |
4.65% |
Company release on Earnings Report can be accessed here.