Attock Petroleum Limited (APL) posts 25pc decline in profits | CustomNews.pk

Attock Petroleum Limited (APL) posts 25pc decline in profits

KARACHI: Attock Petroleum Limited (APL) has announced a net profit of Rs2.1 billion for the six months ended December 31, 2018, which is 25 percent lower than the profit of Rs2.8 billion recorded in the same period last year. Attock Petroleum Limited (APL) also declared an interim cash dividend of Rs10/share along with the corporate announcement. Company’s net sales for the six-month period stood at Rs115.526 billion as against net sales of Rs76.59 billion recorded in the same period last year. The operating expenses during the period under review clocked in at Rs1.64 billion as compared to Rs1.21 billion spent last year. For the quarter ended December 31, 2018, net profits stood at Rs555.6 million, which is 62.5 percent lower than the profit of Rs1.48 billion in the same period last year. [the_ad id="31605"]
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