PPL posted a profit of Rs. 10 per share for the latest quarter ending Dec 2024. Also declared a cash dividend of Rs. 2 per share.
The income was boosted by a higher level of other income of Rs 8.8 billion.
This brings the net income of PPL to a total of Rs. 35.4 per share for the last four quarters, while in the last four quarters total cash distribution was Rs. 7.5 per share.
The EPS in the latest quarter is just 1% higher than the average of the previous four quarters. The cumulative net income of the last four quarters stands at 11% lower compared to the cumulative total of the prior four quarters.
In the last five quarters, no quarter resulted in a loss.
The revenue in the latest quarter declined by 12% over the average of the previous four quarters. The gross profit in the latest quarter declined by 11% over the average of the previous four quarters. The net income in the latest quarter increased by 1% compared to the average of the previous four quarters.
The volume decline was mainly due to reduced sales from key fields (Sui, Kandhkot, Dhok Sultan, Tal, Nashpa, and Latif) caused by natural decline, gas sales curtailment by SNPGL, and lower offtakes by GENCO-II. However, this was partially offset by increased production from discovery wells in Gambat South, Kirthar, and an infill well in Hala.
The revenue also declined as Pak Rupee somewhat appreciated with respect to the US dollar, and lower international crude oil prices.
Gross profit margin for the quarter was 65%, compared to an average of 63.7% over the previous four quarters.
Tax rate for the quarter was 26.6%, compared to an average of 28.6% over the previous four quarters.
As of the week ending 28 Feb 2025, PPL has lagged behind the KSE100 by 9% over the past three months, and over the past one year, PPL has lagged behind the KSE100 by 23%.
Indices Weighting: KSE100, Medium; KSE30, High; KMI30, High.
https://dps.psx.com.pk/download/document/248867.pdf
