Meezan Bank - MEBL: In Q3 Sep2024 earned a net income of Rs. 14.4 per share and declared a cash dividend of Rs. 7 per share. This brings the total net income for the last four quarters to Rs. 58.1 per share, with a total cash payout of Rs. 29 per share.
The profit after tax in the current quarter is 2% lower compared to the average PAT of the previous three quarters. Effective tax rate in this quarter was 55%. The higher taxation has offset the top line growth. See MEBL Earning Release
Pakistan Oilfields - POL, in Q1 Sep2024, earned a net income of Rs. 2.568 billion (Rs. 9 per share). This brings the total net income for the last four quarters to Rs. 112.8 per share, with a total cash payout of Rs. 95 per share.
Compared tpo same quarter last year; Revenue declined by 7%. Gross profit declined by 16%. Profit before tax declined by 69%. Profit after tax declined by 74%.
The major hit to the profitability in this qaureter was exploration cost of Rs. 7.7 billion. Other income was Rs 3.7 billion in this quarter compared to Rs 4.9 billion last year. See POL Earning Release
Attock Refinery - ATRL, in Q1 Sep2024, earned a net income of Rs. 3.33 billion (Rs. 31.2 per share). This brings the total net income for the last four quarters to Rs. 163.3 per share, with a total cash payout of Rs. 15 per share.
Compared tpo same quarter last year; Revenue declined by 25%. Gross profit declined by 89%. Profit before tax declined by 73%. Profit after tax declined by 72%.
Other income was Rs 4 billion compared to Rs. 3.24 billion last year.
