Mari Petroleum Limited (MARI): 4QFY24 EPS clocks in at PKR 192, up by 62% YoY, DPS PKR 134 – By Alpha - Akseer Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">MARI announced its financial result on Thursday, 8th August 2024, where it reported an unconsolidated EPS of PKR 192 during 4QFY24, up by 62% YoY. This is mainly on account of 1) reversal in exploration cost and 2) lower effective tax rate. Along with the result, the company announced a final dividend of PKR 134/share, taking the FY24 dividend payout to PKR 232/share.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Cumulative sales for 4QFY24 clocked in at PKR 39.8 bn compared to PKR 46.9 bn, down by 15% YoY, primarily due to decline in gas production (8% YoY).</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The company&amp;rsquo;s bottom line increased du...