Pakistan Petroleum Limited (PPL): 3QFY24 EPS arrives at ~PKR 10.2; PAT down 16%YoY / 29%QoQ – By Taurus Research
<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">3QFY24 EPS: ~PKR 10.2. 3QFY24 PAT down 16%YoY. 9MFY24 EPS:
PKR 35.4. 9MFY24 PAT up 18%YoY. Earnings arrived in line with expectations,
including normalization of taxation compared to the previous quarter. However,
the Company also announced a surprise interim dividend of PKR 1/sh. taking its
cumulative dividend payout to PKR 3.5/sh. for 9MFY24.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Net sales dropped 2%YoY/up 4%QoQ to clock-in at PKR 74.9Bn
on the back of marginal increase in production flows during the quarter.
However, exploration expense posted a drop of 14%YoY/48%QoQ despite the Company
incurring a dry well Maarab x-1 in Hala, Sanghar during the period. Elsewhere,
administrative expe...
