The profit after tax (unconsolidated) of Pakistan Petroleum Limited (PPL) has soared to Rs 6.048 billion in the quarter ending December 31, 2016 as compared to Rs 5.979bn earned in the corresponding period of 2015. The company's earning per share increased to Rs 3.07 in the period under review against Rs 3.03 in the same period, a year back.
A meeting of the company's board of directors held here on Tuesday approved an interim cash dividend for the year ending June 30, 2017 of Rs 3.00 per share ie 30 per cent on ordinary shares as well as on convertible preference shares. According to the financial results sent to Pakistan Stock Exchange, the company's net sales increased to Rs 21.215bn in this quarter against Rs 20.701bn in the same quarter a year back, its field expenditure jumped to Rs 11.337bn against Rs 9.052bn, while royalties stood at Rs 2.471bn against Rs 2.398bn.
The company's profit before taxation increased to Rs 8.175bn in this quarter against Rs 7.974bn in the same quarter, a year back. On half year basis, the company's profit after taxation stood at Rs 11.796bn translating into earning per share of Rs 5.98 in the half year period ended December 31, 2016 as compared to PAT of Rs 11.896bn with EPS of Rs 6.03 in the same period of 2015.
Comments
Comments are closed.