Shell Pakistan Limited (SHEL): 9MCY23 Analyst Briefing Takeaways – By AKD Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">To note, company&rsquo;s EPS and revenues stood at PkR30.14 and PkR321bn, higher by 125%YoY and 6%YoY, respectively. Company acclaimed major reasons for the said rise in profitability was due to higher product margins alongside waiver of technical service fees (and other costs) by Shell PLC during the period.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">With regards to potential share purchase agreement by Wafi group, management clarified that Wafi group is acquiring entire SPL&rsquo;s footprint in the country including physical assets (outlets and lubricant plant) alongside 26% shareholding in PakArab Pipeline Company.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-ser...