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 |
| Â |
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% |
Â
Company release on Earnings Report can be accessed here.
