Pakistan Petroleum Limited (PPL): EPS clocked in at PKR6.6/sh, below expectations – By IIS Research
<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Pakistan Petroleum Limited has announced its 4QFY24 profit
of PKR17.9bn (EPS: PKR6.6/share), up by 11% YoY & down by 35% on QoQ basis.
The result is below our expectations, mainly due to lower than estimated
revenue and higher exploration charge. The result is also accompanied with a
final cash dividend of PKR2.5/share against our expectation of PKR3/share
dividend</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">During 4Q, Revenue witnessed decline of 11% YoY and 14% QoQ,
mainly because of drop in hydrocarbon production.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Exploration expenses increased by twofold on QoQ basis (down
by 18% YoY), poss...
