The profit after tax of Pakistan Refinery has increased to Rs 767.128 million in the quarter ended September 30, 2012 as compared to Rs 24.408 million earned in the corresponding quarter in 2011. The board of directors of the company in its meeting held on Tuesday declared that the company's earning per share has increased to Rs 21.92 in the period under review against Re 0.70 in the same period last year.
According to the financial results sent to Karachi Stock Exchange, the company's sales increased to Rs 38.201 billion in this quarter against Rs 34.095 billion in the same quarter last year. The company paid Rs 6.545 billion as sales tax, excise duty and development levy during this quarter against Rs 4.951 billion paid in the same account in the same quarter last year. The cost of sales increased to Rs 30.339 billion against Rs 28.577 billion. The company's profit before taxation increased to Rs 944.048 million in this quarter against Rs 197.292 million in the same quarter last year.