Earnings Report: National Refinery Ltd. (PSX: NRL) today reported Financial Results for the Twelve months ended June 30, 2017

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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

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.

Posted on: 2017-09-11T12:28:00+05:00

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