Attock Petroleum declares 208% growth in six-month profit

Attock Petroleum declares 208% growth in six-month profit

KARACHI: Attock Petroleum Limited on Friday declared 208 per cent growth in profit after tax for the six months period ended December 31, 2021.

The company announced Rs6.61 billion as profit after tax for the period under review as compared with Rs2.41 billion profit after tax for the same period of the last year.

Attock Petroleum Limited announced earnings per share of Rs66.40 for the six months period ended December 31, 2021 as compared with EPS of Rs21.56 in the same period of the last year.

The board of directors of Attock Petroleum met on Friday February 04, 2022 and announced an interim cash dividend for the six month period ended December 31, 2021 at Rs15 per share i.e. 150 per cent.

The board however approved no bonus share, right share or any other entitlement/corporate action.

The company declared profit before tax of Rs9.37 billion for the first half (July – December) 2021 as compared with Rs2.99 billion in the same period of the last year.

The net sales of the company increased sharply to Rs154.27 billion during the first half of the current fiscal year as compared with Rs89.97 billion in the corresponding half of the last fiscal year.

Operating expenses of the company also surged to Rs3.4 billion during the period under review as compared with Rs1.79 billion in the same period of the last fiscal year.

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