Home / Financial Results / Pakistan Refinery Limited’s financial results for the first quarter ended September 30, 2011

Pakistan Refinery Limited’s financial results for the first quarter ended September 30, 2011

Karachi: We have to inform you that the Board of Directors of PRL in their meeting held on October 26, 2011 at 11.00 am at Marriott Hotel, Karachi has recommended a “NIL” dividend.

The condensed interim profit and loss account of the Company for the first quarter ended September 30, 2011 is given as follows:

 

1st Quarter

1st Quarter

September 30,

September 30,

2011

2010

(Rupees in thousands)

Sales 34,095,891  26,453,836
Less: Sales tax, excise and
petroleum levy  (4,951,324) (5,390,476)
 ———-  ———-
29,144,567 21,063,360
Cost of sales (28,577,397)  (20,725,026)
———- ———-
Gross profit 567,170 338,334
Distribution cost  (39,137)  (27,625)
Administrative expenses  (44,821) (35,117)
Other operating expenses (14,622)  (13,561)
Other income 17,124 26,009
———-  ———-
Operating profit 485,714 288,040
Finance cost (292,333)  (109,907)
Share of income of associate 3,911 2,824
 ———- ———-
Profit before taxation 197,292 180,957
 ———-  ———-
Taxation  (164,410)  (210,841)
– deferred  (8,474) 5,872
 ———- ———-
 (172,884) (204,969)
 ———-   ———-
Profit / (Loss) after taxation  24,408  (24,012)
 ———- ———-
Earnings / (Loss) per share  Rs 0.70  (Rs 0.69)

 

For more information, contact:
Imran Ahmed Mirza
Chief Financial Officer
Pakistan Refinery Limited
Korangi Creek Road,
P. O. Box 4612, Karachi- 75190.
Ph: 35122131-9
Fax: 92-21-35060145,
Website: www.prl.cam.pk

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