National Refinery posts Rs8.04b profit
Other income of the company significantly reduced to Rs725 million in fiscal year 2017
PHOTO: AFP
KARACHI:
National Refinery Limited has posted a net income of Rs8.04 billion in fiscal year 2016-17, up 5% from Rs7.68 billion in the preceding fiscal year, according to a bourse filing on Monday.
Earnings per share (EPS) jumped to Rs100.61 compared with an EPS of Rs96.14 in the corresponding period of last year.
The KSE-100 index closed at 41,126, down 274 points or 0.66%. National Refinery’s share price closed at Rs618.61, down 4.79%.
Other income of the company significantly reduced to Rs725 million in fiscal year 2017 compared with Rs1.51 billion in the previous year.
The company managed to post a reasonable net profit in fiscal year 2017 mainly due to significantly low taxation of Rs269 million compared with Rs2.4 billion in previous year.
Published in The Express Tribune, September 12th, 2017.
National Refinery Limited has posted a net income of Rs8.04 billion in fiscal year 2016-17, up 5% from Rs7.68 billion in the preceding fiscal year, according to a bourse filing on Monday.
Earnings per share (EPS) jumped to Rs100.61 compared with an EPS of Rs96.14 in the corresponding period of last year.
The KSE-100 index closed at 41,126, down 274 points or 0.66%. National Refinery’s share price closed at Rs618.61, down 4.79%.
Other income of the company significantly reduced to Rs725 million in fiscal year 2017 compared with Rs1.51 billion in the previous year.
The company managed to post a reasonable net profit in fiscal year 2017 mainly due to significantly low taxation of Rs269 million compared with Rs2.4 billion in previous year.
Published in The Express Tribune, September 12th, 2017.