Attock Refinery’s gain arise 4 times in 1H
KARACHI: Attock Refinery Limited’s net combined distinction soared fourfold to Rs2.72 billion in initial half of a stream mercantile year, buoyed by increasing income from compared firms, annulment of taxation on distinction and aloft net sales.
The refinery had available a net distinction of Rs727.99 million in a same duration of preceding year.
Earnings per share (EPS) stood during Rs32 in Jul-Dec 2016 compared to Rs8.53 in a analogous duration of prior year, a association pronounced in a presentation to a Pakistan Stock Exchange (PSX) on Friday.
Stock cost of a oil refinery fell 3.89%, or Rs19.77, to Rs488.39 with a volume of 4.08 million shares during a PSX.
The share in distinction of compared companies (non-refinery income) doubled to Rs1.21 billion in 6 months from Rs693.45 million in a analogous duration of final year.
The association reported a annulment of taxation on distinction during Rs953.99 million opposite taxation remuneration of Rs112.45 million a year earlier.
Net sales rose over 8% to Rs45.51 billion from Rs42.03 billion. Other income increasing to Rs537.61 million from Rs475.74 million.
On a flip side, financial cost surged to Rs407.90 million from Rs183.74 million.
In a entertain finished Dec 31, 2016, a association requisitioned a net combined distinction of Rs2.03 billion (EPS Rs23.83) opposite Rs910.34 million (EPS Rs10.67) in a same entertain of prior year.
Published in The Express Tribune, Jan 28th, 2017.
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Article source: http://tribune.com.pk/story/1309087/attock-refinerys-earnings-rise-four-times-1h/