National Refinery earns Rs3.96b
KARACHI: National Refinery Limited’s (NRL) net distinction increasing 37% to Rs3.96 billion in a stream mercantile year’s initial half finished Dec 31, 2016 especially due to focus of reduce rate of taxation on profit.
The association had posted a distinction of Rs2.88 billion in a same half of a prior year.
Earnings per share stood during Rs49.62 in a half-year compared to Rs36.07 in a analogous duration of a prior year.
Share cost of a fuel oil refinery declined 4.90%, or Rs39.39, and sealed during Rs758.63 with a volume of 1.55 million shares.
The association requisitioned a prosaic profit-before-tax. However, it paid significantly reduced taxation on a distinction in a duration underneath review.
It requisitioned a profit-before-tax during Rs4 billion in a examination duration as compared to Rs4.12 billion in a analogous period.
Published in The Express Tribune, Jan 28th, 2017.
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Article source: http://tribune.com.pk/story/1309089/national-refinery-earns-rs3-96b/