KARACHI: Pakistan State Oil (PSO) declared 9MFY20 profit after tax (PAT) at Rs3bn, translating into earnings per share (EPS) at Rs6.41.

These represented a plunge of 49pc from PAT at Rs5.93bn and EPS at Rs12.62 in the corresponding period of the previous year.

On the other hand, top line grew 9pc to Rs887.33bn, from Rs818.51bn.

The bottom line was supplemented with other income amounting to Rs8.28bn, soaring 131pc from Rs3.59bn, but finance costs ate away much of the benefit as they rose 55pc to Rs10.51bn, from Rs6.78bn.

Nishat Mills profits dip

Nishat Mills unveiled 9MFY20 consolidated PAT at Rs6.80bn (EPS: Rs14.06), down from Rs7.13bn (EPS: Rs16.18) in the same period last year.

Revenue rose to Rs73.26bn, from Rs70.28bn. The bottom line was impacted by the drop in share of profit from associates in the sum of Rs482 million, from Rs1.35bn.

Published in Dawn, April 30th, 2020