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Mettis Global News

National Refinery Ltd. profit falls 11% to Rs. 1.7 billion

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  • National Refinery Ltd. Net Sales for the period increased by 16%, amounting to a total of 29.92 billion Rupees during the Quarter ended September, 30th 2017
  • Company’s Gross Profit for the period decreased by 4.24%
  • The Profit after tax for the period decreased 11% reaching 1.7 billion compared to same year last year’s profit of 1.9 billion Rupees.
  • The company reported earnings per share of 21.26 Rupees
Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Quarter Ended, September 30th 2017

Key Financials

2017

2016

% Change

 

Amounts in PKR ‘000

Gross Sales

41,693,122

36,531,483

14.13%

Net Sales

29,928,414

25,736,398

16.29%

Cost of Sales

27,784,080

23,497,173

18.24%

Gross Profit

2,144,334

2,239,225

-4.24%

Distribution Cost

191,365

162,020

18.11%

Administrative Expenses

209,956

192,660

8.98%

Other Income

131,811

227,703

-42.11%

Operating Profit

1,745,318

1,968,099

-11.32%

Finance Cost

31,777

45,900

-30.77%

Profit before Taxation

1,713,541

1,922,199

-10.86%

Taxation

13,224

16,868

-21.60%

PAT

1,700,317

1,905,331

-10.76%

EPS – Basic & diluted

21.26

23.83

-10.78%

Company release on Earnings Report can be accessed here.

Posted on: 2017-10-19T12:01:00+05:00



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