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Pakistan Oilfields Limited (POL): FY17 EPS up 59% YoY – By JS Research

  • By: JS Global Capital Limited

  • - Published: Monday, 11 September 2017
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<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">As per notice sent to Pakistan Stock Exchange (PSX), Pakistan Oilfields Limited (POL) announced its 4QFY17 results wherein the company posted profit of Rs2,219mn (EPS: Rs9.38) vis-&agrave;-vis profit of Rs1,394mn (EPS: Rs5.89) in the same period last year, reflecting increase of 59% YoY. This took full year FY17 earnings to Rs9,685mn (EPS: Rs40.94), reflecting a growth of 34% YoY.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The results remained largely in-line with our expectations of Rs42.83 for full year FY17. Our dividend expectations however, remained in-line as along with the result, the company also announced cash dividend of Rs25.00/share, taking full year FY17 DPS to Rs40. Revenues of POL posted imp...

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