Pakistan State Oil Limited (PSO): 4QFY23 LPS clocked in at Rs9.85/sh, DPS Rs7.5 – By Foundation Research
<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Pakistan State Oil (PSO PA) announced its 4QFY23 financial
result with an unconsolidated loss of Rs9.85/sh compared to profit of
Rs45.70/sh in 4QFY22. This cumulated into EPS of Rs12.06 in FY23 against EPS of
Rs183.66 in FY22, down 93% YoY.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We attribute decrease in company’s profitability to lower
volumes of MS/HSD/FO and higher finance cost.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">PSO net sales dropped by 3% YoY in 4QFY23 attributable to
lower MS/HSD/FO volumes by 22/39/97% YoY.</span></li></ul><p></p>
