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Attock Petroleum earns Rs3.82b, adult 16.5%
- Updated: August 15, 2016
Arif Habib Limited pronounced in post-result comments a decrease in sales was a multiple of a dump in “sales volume and product prices”. PHOTO: REUTERS
KARACHI: Attock Petroleum Limited’s distinction surged 16.5% in a mercantile year finished Jun 30 on a behind of a poignant decrease in a cost of products sole and handling expenses.
The association realised a distinction of Rs3.82 billion in FY16 opposite Rs3.28 billion in a prior year.
Accordingly, gain per share stood during Rs48.16 compared to Rs39.62 in a preceding year, according to a company’s presentation to a Pakistan Stock Exchange.
The house of directors endorsed a final money division of Rs25 per share. This is in further to a halt division of Rs15 per share. The final division will be paid to those shareholders whose names will seem in a register of members on Sep 15, 2016.
The outcome was perceived good by a equity investors as a company’s share cost rose Rs19.50, or 3.89%, and sealed during Rs500.73 with a turnover of 241,300 shares during a batch exchange.
Cost of products sole fell 38% to Rs103.48 billion from Rs166.80 billion final year. Operating losses forsaken 22% to Rs1.70 billion from Rs2.18 billion in a prior year.
The association realised a distinction notwithstanding a 30% decrease in a sales to Rs144.10 billion in a year underneath examination from Rs205.71 billion final year.
Arif Habib Limited pronounced in post-result comments a decrease in sales was a multiple of a dump in “sales volume and product prices”.
Published in The Express Tribune, Aug 16th, 2016.
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