Attock Refinery profit surges 75% to Rs1.22b
Earnings per share increase to Rs14.33 from Rs8.17
PHOTO: REUTERS
KARACHI:
Attock Refinery Limited’s (ARL) consolidated profit soared 75% to Rs1.22 billion in the quarter ended September 30, due to increased sales and decreased cost of sales.
The refinery had booked the profit at Rs697.59 million in the same quarter last year, according to a bourse filing on Thursday.
Attock Refinery's profit doubles to Rs7.41b in FY17
Accordingly, earnings per share (EPS) surged to Rs14.33 from Rs8.17 in the period under review. ARL’s share price hit upper limit of 5%, or increased by Rs17.25, to Rs362.35 with a volume of 3.48 million shares at the Pakistan Stock Exchange (PSX).
Net sales of the firm increased 31% to Rs27.40 billion from Rs20.84 billion. The cost of sales, moreover, reduced by 3.93 percentage points to 95.32% (Rs26.11 billion) of the sales in the quarter from 99.25% (Rs20.69 billion) in the same quarter of the previous year.
Other income increased to Rs484 million from Rs246 million. On the flip slide, finance cost rose to Rs445 million from Rs127 million. Non-refinery income (share in profit of associated companies) dropped to Rs464 million from Rs670 million.
NRL profit drops
National Refinery Limited’s (NRL) profit dropped 11% to Rs1.70 billion in the quarter ended September 30 due to slightly higher cost of sales.
The refinery had booked the profit at Rs1.90 billion in the same quarter of the previous year. On the other hand, EPS fell to Rs21.26 from Rs23.83.
NRL’s share price also hit upper limit of 5%, or surged Rs29.53, to Rs623.96 with a volume of 235,800 shares at the PSX. Its net sales increased 16% to Rs29.92 billion from Rs25.73 billion.
PSO, Attock Petroleum: Joint venture builds fuel storage at new airport
Cost of sales increased by 1.41 percentage points to 92.71% (Rs27.78 billion) of the sales from 91.29% (Rs23.49 billion) in the corresponding period.
APL profit down
Attock Petroleum Limited’s (APL) profit plunged 15% to Rs1.33 billion in the quarter from Rs1.56 billion in the same quarter of the previous year.
EPS also reduced to Rs16.04 from Rs18.85. Its share price increased 3.27%, or Rs19.25, to Rs607.06 with a volume of 33,600 shares at PSX. Net sales increased 22% to Rs38.53 billion from Rs31.50 billion.
Published in The Express Tribune, October 20th, 2017.
Attock Refinery Limited’s (ARL) consolidated profit soared 75% to Rs1.22 billion in the quarter ended September 30, due to increased sales and decreased cost of sales.
The refinery had booked the profit at Rs697.59 million in the same quarter last year, according to a bourse filing on Thursday.
Attock Refinery's profit doubles to Rs7.41b in FY17
Accordingly, earnings per share (EPS) surged to Rs14.33 from Rs8.17 in the period under review. ARL’s share price hit upper limit of 5%, or increased by Rs17.25, to Rs362.35 with a volume of 3.48 million shares at the Pakistan Stock Exchange (PSX).
Net sales of the firm increased 31% to Rs27.40 billion from Rs20.84 billion. The cost of sales, moreover, reduced by 3.93 percentage points to 95.32% (Rs26.11 billion) of the sales in the quarter from 99.25% (Rs20.69 billion) in the same quarter of the previous year.
Other income increased to Rs484 million from Rs246 million. On the flip slide, finance cost rose to Rs445 million from Rs127 million. Non-refinery income (share in profit of associated companies) dropped to Rs464 million from Rs670 million.
NRL profit drops
National Refinery Limited’s (NRL) profit dropped 11% to Rs1.70 billion in the quarter ended September 30 due to slightly higher cost of sales.
The refinery had booked the profit at Rs1.90 billion in the same quarter of the previous year. On the other hand, EPS fell to Rs21.26 from Rs23.83.
NRL’s share price also hit upper limit of 5%, or surged Rs29.53, to Rs623.96 with a volume of 235,800 shares at the PSX. Its net sales increased 16% to Rs29.92 billion from Rs25.73 billion.
PSO, Attock Petroleum: Joint venture builds fuel storage at new airport
Cost of sales increased by 1.41 percentage points to 92.71% (Rs27.78 billion) of the sales from 91.29% (Rs23.49 billion) in the corresponding period.
APL profit down
Attock Petroleum Limited’s (APL) profit plunged 15% to Rs1.33 billion in the quarter from Rs1.56 billion in the same quarter of the previous year.
EPS also reduced to Rs16.04 from Rs18.85. Its share price increased 3.27%, or Rs19.25, to Rs607.06 with a volume of 33,600 shares at PSX. Net sales increased 22% to Rs38.53 billion from Rs31.50 billion.
Published in The Express Tribune, October 20th, 2017.