KARACHI: Attock Petroleum Ltd announced on Thursday a profit of Rs2.39 billion for the first three months of 2021-22, up 61 per cent from a year ago.

A bourse filing showed the company’s top line amounted to Rs72.83bn, up 61pc on a year-on-year basis. Arif Habib Ltd attributed the rise in the revenue to increasing product prices and 17pc volumetric growth: petrol, diesel and furnace oil volumes increased 27pc, 41pc and 13pc on an annual basis.

On a sequential basis, sales increased 38pc on account of 22pc volumetric growth.

Kohat Cement posts Rs1.4bn profit

Kohat Cement Company Ltd posted a profit of Rs1.4bn in the July-September quarter versus net income of Rs507m in the same period of the preceding fiscal year. The result was higher than market expectations, according to Topline Securities.

A stock filing on Thursday showed the company’s net sales increased 31pc year-on-year to Rs6.8bn. this was despite a 5pc decline in cement despatches as the price of the product increased around 25pc on a yearly basis, it added.

Published in Dawn, October 22nd, 2021