KARACHI: Attock Petroleum Limited on Tuesday declared massive growth of 277 per cent in profit after tax for the year ended June 30, 2022.
The company announced net profit of Rs18.54 billion for the year ended June 30, 2022 as compared with annual profit of Rs4.92 billion in the preceding year.
READ MORE: Attock Petroleum declares 208% growth in six-month profit
The earning per share (EPS) of the company recorded at Rs186.23 from previous year’s at Rs49.43.
The board of directors of the company in its meeting held on Tuesday, August 16, 2022 recommended a final cash dividend for the year ended June 30, 2022 per share i.e. 300 per cent. This is in addition to interim dividend already paid at Rs15 per share i.e. 150 per cent.
The board further recommended to issue bonus shares in the proportion of one share for every four held i.e. 25 per cent. This is in addition to the interim bonus shares already issued at nil per cent.
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According to the financial results, the net sales of the country surged to Rs370 billion during the year ended June 30, 2022 as compared with Rs188.64 billion in the preceding year.
The cost of production also climbed up to Rs329.07 billion for the year under review as compared with Rs178.66 billion in the preceding year.
READ MORE: Attock Petroleum posts 21 percent decline in after tax profit
This brings the gross profit of the company at Rs41 billion for the year ended June 30, 2022 as compared with Rs9.98 billion in the previous year.
Operating expenses of the country increased to Rs10.21 billion as compared with previous year’s Rs4.15 billion.
