KARACHI: Mari Petroleum Company Ltd recorded earnings of Rs12.7 billion for July-September, up 39.7 per cent from a year ago, a stock notice on Friday showed.

Arif Habib Ltd said earnings witnessed a quarter-on-quarter jump of 127pc because of a 10pc super tax that the company charged in April-June on the pre-tax profit of 2021-22.

Net quarterly sales increased 54pc year-on-year to Rs31.8bn amid a 67pc surge in the wellhead price of Mari gas field and a 26pc depreciation in the rupee’s value against the dollar, it added.

Meanwhile, Pakistan Refinery Ltd recorded an increase of 2.7 times in its quarterly earnings, which clocked in at Rs1.03bn for July-September.

A stock notice showed the company didn’t announce any dividend for the three-month period.

Published in Dawn, October 22th, 2022