Attock Petroleum's profit doubles

KARACHI: Attock Petroleum Limited’s (APL) net profit doubled to Rs3.15 billion in the six-month period ended December 31, 2016 on the back of uptick in net sales, drop in cost of products’ sales and receipt of other charges.

The company had booked the profit at Rs1.64 billion in the same six months of the previous year. Earnings per share (EPS) stood at Rs38.06 in the half-year period as compared to Rs19.78 in the corresponding period, the company said in a notification to the Pakistan Stock Exchange.

Share price of the firm hit the lower limit and fell by Rs37.46 to Rs711.93 with a volume of 534,750 shares.

The net sales were up 1% to Rs61.49 billion from Rs60.84 billion, while the cost of products’ sales dropped 1.5% to Rs57.57 billion from Rs58.46 billion.

Published in The Express Tribune, January 28^th, 2017.

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