Attock Refinery profits surge up by 84.92pc for FY 2016-17

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Karachi: In a notification sent to the bourse on Monday, Attock Refinery Limited (ARL) reported its results for the financial year ended 2016-17 on the 30th of June.

Sales surged up by 52.35pc to touch Rs101.41b compared to Rs66.56b in same period last year (SPLY). Cost of sales went up by 43.9pc to touch Rs97.07b compared to Rs67.46b during SPLY.

Other income rose by 54.65pc to touch Rs1.434m for FY 2016-17 compared to Rs9.27m in SPLY. Finance cost surged up by 87.58pc to reach Rs1.263m for FY 2016-17.

Profits for the year escalated up by 84.92pc to touch Rs5.413m compared to Rs816, 350 during SPLY.

ARL’s earnings per share (EPS) went up by 563pc to reach Rs63.47 for FY 2016-17 compared to Rs 9.17 in SPLY. Its share price rose up by 37pc to reach Rs382.58 at the end of FY 2016-17 in comparison to Rs280.14 in SPLY.

ARL also announced a final cash dividend of Rs 6 per share for the FY 2016-17 ended 30th of June.

At the time of filing this report, ARL’s shares were trading at Rs371.20 up by Rs1.65 from its close on Friday. The KSE-100 index was trading at 41,116.69 points, down 284.33 points from its close on Friday evening.

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