<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">National Refinery Limited (NRL) posted its result for the
quarter ended September 2023 where it posted a PAT of PKR 3.2bn (EPS: 40.02)
against Loss after tax of 4.3bn (LPS: 54.92) compared to same period last year.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The firm posted a topline of PKR 73.8bn in 1QFY24 providing
an increase of 8% YoYagainst revenue of PKR 68.3bn SPLY. Furthermore, NRL
posted gross profit of PKR 7.3bn increase from merely PKR26.31mn last year,
providing a staggering YoYincrease of 278x. The growth is believed to be
attributed to improvement in gross refinery margins, hence, resulting in
improvement in gross margins from 0.02% (1QFY23)/8% (4QFY23) to 10% in 1QFY24.</span></...
