Mari petroleum reports profits of Rs9.136b for FY 2016-17

Karachi: In a notification sent to the Pakistan Stock Exchange (PSX) on Thursday, Mari Petroleum (MP) released its earnings for the year ended June 30th, 2017.

MP reported a profit of Rs9.136b, rising 50pc year on year (YoY) and its earnings per share was recorded at Rs82.87. The company reported 4th quarter profits of Rs2.8b rising 31pc YoY with earnings per share of Rs25.7.

Fourth-quarter 2017 net sales were recorded at Rs8.3b and its exploration costs went down to Rs1.3b recording a decline of 21pc YoY. MP also announced a final cash dividend of Rs 2.2 per share.

Its shares were trading at Rs1,651.82 on the close of day, rising 0.95pc from the previous day.

- Advertisement -
- Advertisement -

Must Read

Emirates extends suspension on flights from Pakistan till Aug 7

UAE national carrier Emirates has again extended flight suspension from Pakistan and other South Asian countries till August 7. Emirates, in its latest advisory stated:...