KARACHI: Attock Petroleum Limited (APL) declared its 4QFY18 results posting earning per share at Rs16.79 up by 48 per cent YoY. Improvement in earnings was attributed to 48pc jump in sales. In addition to the announcement of a final cash dividend for the year at Rs25 per share, APL declared a bonus issue of 20pc, which came as a surprise and pushed stock price to its upper circuit.

Attock Refinery Limited (ATRL) posted its 4QFY18 result with Loss per share of Rs0.09 against EPS of Rs48.8 in 4QFY17. Despite improved sales up by 47pc YoY, the decline in margins by 15ppts to -4pc against 1pc in 4QFY17 and increased financial charges by 46pc YoY, led to decline in earnings for the company.

However ATRL declared a bonus issue of 25pc, which was also received well by the investors and the price hit its upper lock.

National Refinery Limited (NRL) announced its 4QFY18 results with EPS of Rs2.53 down by 85pc YoY. Analysts at Topline Securities said that despite NRL’s improved sales by 56pc YoY, reduction in gross margins by 8ppts YoY to 1pc and increase in financial charges by 9.5 times YoY pulled the earnings down for the refinery.

Attock Cement Pakistan Limited (ACPL) reported its FY18 financial results on the exchange wherein the company reported profit after tax of EPS at Rs38.42 versus EPS of Rs 26.49 YoY, up by a significant 45pc YoY.

In terms of payout, the company declared cash dividend of Rs8 per share for outgoing fiscal year. Moreover, the company also recommended issuance of 20pc bonus shares along with the result announcement.

Published in Dawn, August 16th, 2018