The profit after tax of Pakistan Petroleum Limited (PPL) has increased to Rs 32.269 billion in the nine-month period ended March 31, 2012, as compared to Rs 24.350 billion earned in the corresponding period in 2011. The board of directors of the Company in its meeting held on Wednesday declared that the Company's earning per share has increased by Rs 24.55 in the period under review against Rs 18.52 in the same period of last year.
According to the financial results sent to Karachi Stock Exchange, the Company's net sales increased by Rs 71.511 billion within nine-month period this year against Rs 57.885 billion in the same period of last year. The field expenditure increased by Rs 18.347 billion against Rs 15.031 billion and royalties increased by Rs 8.518 billion against Rs 6.805 billion.
The Company's other operating income increased by Rs 5.132 billion against Rs 3.077 billion while other operating expenses increased by Rs 3.425 billion against Rs 2.691 billion. The Company's profit before taxation increased by Rs 46.243 billion in the nine-month period that ended on March 31, 2012, against Rs 36.306 billion in the same period of last year.
On quarterly basis, the Company's profit after tax increased by Rs 12.156 billion translating earning per share of Rs 9.25 in the quarter ended on March 31, 2012, as compared to after-tax profit of Rs 7.732 billion with per share earning of Rs 5.88 in the same quarter of last year.