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Attock Petroleum Limited : –1QFY17 EPS @ PKR 18.85 - By AHL Research

  • By: Arif Habib 1857 (Private) Limited

  • - Published: Wednesday, 19 October 2016
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<p></p><ul><li><span style="font-size:medium;">The Board of Directors of Attock Petroleum Limited (APL) has announced the financial result for 1QFY17, whereby earnings clocked-in at PKR 1.56bn (EPS: PKR 18.85) compared to PKR 691.64mn (EPS: PKR 8.34) in 1QFY16, up by an astounding 2.26x times YoY. Similarly the earnings also increased 8% QoQ on the back of improved volumes and upwards revised product margins.</span></li></ul><ul><li><span style="font-size:medium;">Top line of the company settled at PKR 31.5bn for 1QFY17, flat YoY, despite prices of products dropping drastically. The drop in product prices was neutralized by increase in total volumes of both Mogas and HSD by 27% YoY.</span></li></ul><ul><li><span style="font-size:medium;">Here it is pertinent to note that the gross margin has improved to 7.3% in 1QFY17 from 3.3% in 1Q...

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