National Refinery earns Rs3.96b
The company had posted a profit of Rs2.88 billion in the same half of the previous year
PHOTO: STOCK IMAGE
KARACHI:
National Refinery Limited’s (NRL) net profit increased 37% to Rs3.96 billion in the current fiscal year’s first half ended December 31, 2016 mainly due to application of lower rate of tax on profit.
The company had posted a profit of Rs2.88 billion in the same half of the previous year.
Earnings per share stood at Rs49.62 in the half-year compared to Rs36.07 in the corresponding period of the previous year.
Share price of the fuel oil refinery declined 4.90%, or Rs39.39, and closed at Rs758.63 with a volume of 1.55 million shares.
The company booked a flat profit-before-tax. However, it paid significantly reduced tax on the profit in the period under review.
It booked a profit-before-tax at Rs4 billion in the review period as compared to Rs4.12 billion in the corresponding period.
Published in The Express Tribune, January 28th, 2017.
National Refinery Limited’s (NRL) net profit increased 37% to Rs3.96 billion in the current fiscal year’s first half ended December 31, 2016 mainly due to application of lower rate of tax on profit.
The company had posted a profit of Rs2.88 billion in the same half of the previous year.
Earnings per share stood at Rs49.62 in the half-year compared to Rs36.07 in the corresponding period of the previous year.
Share price of the fuel oil refinery declined 4.90%, or Rs39.39, and closed at Rs758.63 with a volume of 1.55 million shares.
The company booked a flat profit-before-tax. However, it paid significantly reduced tax on the profit in the period under review.
It booked a profit-before-tax at Rs4 billion in the review period as compared to Rs4.12 billion in the corresponding period.
Published in The Express Tribune, January 28th, 2017.