Attock Petroleum Profits Surge 38% to Rs. 5.3 Billion

Attock Petroleum Limited’s profit surged 38.41% in the fiscal year ended June 30 .The company announced a profit of Rs. 5.29 billion in fiscal year 2017 against Rs. 3.82 billion in the previous year.

The board of directors recommended a final cash dividend of Rs. 27.50 per share. This is in addition to the interim dividend of Rs. 15 per share.

Earnings per share stood at Rs. 63.89 compared to Rs. 46.16 in the preceding year, according to a company’s notification to the Pakistan Stock Exchange.

At the time of filing this report the company’s share price went down to the floor with Rs. 31.89, or -5 %, and is trading at 605.97 with a turnover of 14350 shares at the stock exchange.

Cost of products sold increased to 26.9% to Rs 131 billion from Rs. 103 billion last year. Operating expenses increased to 10.63 % to Rs. 1.88 billion from Rs. 1.70 billion in the previous year.

The company realized the profit with help of its sales to Rs. 172. billion in the year under review from Rs. 144.1 billion last year.

APL in its past 12 years of operations has been able to capture a substantial market share and today ranks as the 3rd largest OMC on the basis of aggregate market share and holds the strongest future prospects in the industry. rowth trend has outshined the competition particularly in the past 2 years. (Ref: Market Participation Report of OCAC) It has well-established multi-fuel retail network of about 600 retail outlets nationwide while hundreds are at different stages of NOCs or construction.

 



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