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PPL records Rs45.7 billion profit

Updated September 19, 2018

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KARACHI: Pakistan Petroleum Ltd (PPL) posted unconsolidated profit after tax (PAT) for FY18 at Rs45.7bn (earnings per share: Rs23.17), up 28 per cent, from Rs35.7bn (EPS: Rs18.10) the previous year.

The board proposed a final cash dividend of Rs1.50, in addition to the bonus shares at 15pc. Net sales increased 7.9pc to Rs126.2bn in FY18, from Rs117bn the year before.

PSX profit plunges 77pc

The Pakistan Stock Exchange (PSX) announced yearly PAT at Rs64.2m, down 77pc, from Rs277.3m the earlier year.

This translated into EPS of Rs0.08, from Rs0.35. No final dividend was announced but interim had been paid at Re0.05 per share.

Listing fee jumped 37pc to Rs336m, from Rs246m. The earnings for the FY18 were hit by decrease of 26pc in service charges to Rs333m from Rs453m and absence of any management fee, which in FY17 amounted to Rs114m.

MLCF earns Rs4.57bn

Maple Leaf Cement Factory (MLCF) recorded consolidated PAT at Rs4.57bn (EPS: Rs7.92) for FY18, down 4pc, from Rs4.78bn in FY17.

The board announced a cash dividend at Re1 per share, in addition to the Rs1.50 paid earlier. Sales rose 7.5pc to Rs25.7bn, from Rs23.9bn. The board also approved investment of up to Rs1,000m as loans/advances to Kohinoor Textile Mills Ltd, a holding company, to meet its working capital requirements, subject to approval of shareholders.

A similar nature of reciprocal facility of loans/advances of Rs1,000m for working capital requirements of the company would be recommended by KTML’s board, subject to its shareholders’ approval.

Published in Dawn, September 19th, 2018