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NRL distinction doubles to Rs7.68b
- Updated: August 15, 2016
Cost of sales fell 42% to Rs82.74 billion in a year underneath examination as against to Rs141.61 billion in a prior year. Gross sales declined 25% to Rs141.29 billion from Rs188.93 billion in a prior year. PHOTO: AFP
KARACHI: National Refinery Limited’s (NRL) distinction doubled to Rs7.68 billion in a mercantile year finished Jun 30 since of a poignant decrease in a cost of sales, according to a bourse filing on Monday.
The association had warranted Rs3.70 billion in a preceding year. Earnings per share stood during Rs96.14 in 2015-16 compared to Rs46.38 in a prior year.
The expansion in profit, however, unsuccessful to inspire equity investors maybe since of no recommendation of value of division and other entitlements to a shareholders. Share cost of a association forsaken Rs3.61, or 2.37%, and sealed during Rs559.58 with a turnover of 1.56 million shares during a batch exchange.
Cost of sales fell 42% to Rs82.74 billion in a year underneath examination as against to Rs141.61 billion in a prior year. Gross sales declined 25% to Rs141.29 billion from Rs188.93 billion in a prior year.
Published in The Express Tribune, Aug 16th, 2016.
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