KARACHI: Pakistan State Oil (PSO) reported forty three.seventy five per cent improve in its revenue-after-tax at Rs4.6bn for the primary 9 months of 2015-sixteen in comparison with Rs3.2bn within the corresponding interval of 2014-15.
The corporate stated in a press release that the rise in internet revenue was largely because of the progress in gross sales quantity and margins of white oil merchandise revised in Nov 1, 2014, and a discount in working and finance prices by 10pc and 42pc, respectively.
Nevertheless, the rise was partially offset by a lower in black oil margins because of the decreased worth of the commodity.
The excellent receivables stood at Rs224bn from the facility sector, PIA and SNGPL towards provides of furnace oil, aviation fuels and Liquefied Pure Fuel (LNG). The administration was stated to be working intently with the Ministry of Water and Energy and PIA for well timed realisation of due funds to make sure uninterrupted gasoline provides.
Kohat Cement earns Rs3.3bn
The agency posted a revenue-after-tax of Rs3.3bn for 9MFY16, up from Rs2.2bn within the corresponding interval final yr. Internet gross sales rose to Rs10.8bn from Rs8.8bn final yr. For the quarter ended March, the corporate posted a revenue of Rs1.2bn, up from Rs 866m. Analysts stated that the earnings have been pushed by a 28.8pc improve in internet gross sales to Rs3.7bn on the again of upper dispatches.
Decrease value of gasoline and energy resulted in gross margins to clock in at forty nine.2pc — a rise of eleven.5 proportion factors. KOHC additionally knowledgeable buyers that its Waste Warmth restoration Energy Plant began producing electrical energy from April 1, 2016.
Dawood Hercules swings to revenue
The corporate introduced the present fiscal yr’s first-quarter earnings of Rs449m (earnings per share Rs0.9) towards a lack of Rs240m (loss per share Rs0.5) in the identical interval final yr. Dividend revenue got here in at Rs777m because of dividends from Hub Energy Firm (Hubco). The corporate had earlier elevated its shareholding in Hubco from 3pc to 14pc after it acquired further Hubco shares from DH Fertiliser.
Revealed in Daybreak, April thirtieth, 2016
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