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HomeEquityEarnings Report: Pakistan Petroleum Ltd. (PSX: PPL) today reported Financial Results for...

Earnings Report: Pakistan Petroleum Ltd. (PSX: PPL) today reported Financial Results for the Twelve months ended June 30, 2017

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

The company’s Net Sales for the period increased by 46 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 107 percent.

The board has recommended a 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 Year Ended

Key Financials

2017

2016

% Change

 

Amounts in PKR ‘000

Net Sales

116,986,307

80,151,211

45.96%

Operating Expenses

31,246,938

25,906,633

20.61%

Royalties and other levies

21,257,451

9,298,070

128.62%

Gross Profit

64,481,918

44,946,508

43.46%

Exploration Expenses

10,788,063

15,678,270

-31.19%

Admin: Expenses

2,771,558

3,288,242

-15.71%

Finance Costs

461,081

658,967

-30.03%

Other Charges

7,136,775

4,032,440

76.98%

Other Income

4,804,234

5,418,127

-11.33%

Profit before Taxation

48,128,675

26,706,716

80.21%

Tax

12,450,032

9,464,697

31.54%

PAT

35,678,643

17,242,019

106.93%

EPS – Basic & diluted

18.10

8.74

107.09%

 

Company release on Earnings Report can be accessed here.

Posted on: 2017-09-15T16:10:00+05:00
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