Karachi, February 6, 2024 – Attock Petroleum Limited (APL) announced a substantial 41% growth in profit for the first half (July – December) of the fiscal year 2023-24, showcasing robust financial performance and strategic resilience in a dynamic market.
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Attock Petroleum declares massive 277% growth in annual profit
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.
READ MORE: Attock Refinery warns complete shut down on lower uplifting
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.
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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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Attock Petroleum posts 21 percent decline in after tax profit
Attock Petroleum Limited, a leading player in the energy sector, has reported a 21 percent decline in its after-tax profit for the quarter ended September 30, 2019.
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