PakStox Outlook

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 ...

Attock Refinery Limited (PSX:ATRL) has announced its annual financial results for the year ending June 30, 2024. The company earned a net income of Rs. 236.8 per share and declared a total cash dividend of Rs. 15 per share for the year. On an annual basis, ATRL's revenue saw a 4% increase; however, profit before tax decreased by 15% and profit after tax by 14%. The tax rate for the year remained stable at 36%, compared to 37% in the previous year.

Refineries are undergoing a period of significant change, driven by evolving product standards, technological advancements, and government policies related to investment, upgrades, and pricing. The current operating environment for refineries is marked by earnings volatility. Previously, ATRL refinery operations had their earnings buffered by its Lube business, but this is no longer the case. However, the nomenclature persists, and ATRL now refers to its dividend income as non-refinery income. In this group mainly comprising of POL, NRL and APL their is a substantial inter-corporate lending and borrowing that at times turns their financial charges into financial income. ATRL has exposure in all three major PSX indices namely KSE100 Index, KSE30 and Shariah-compliant KMI30.  The weighting of ATRL in KMI30 is double than its weight in KSE100 Index.  Click the link below to see quarterly financials of ATRL with key valuation parameters. S ee ATRL SnapShot

ATRL: Second Quarter (Dec22) Earning Released.  EPS Rs. 75.6.  No dividend was announced. Share Price 1 Month 3 Month 1 Year Rs. 166.16 -0.76% 4.95% 37.94% Twelve  trailing months EPS now Rs. 221. Compare this with ATRL market price of Rs. 166 per share. Attock Refinery Ltd 2Q23 1Q23 4Q22 3Q22 Profit After Taxation (PKR Million) 8,056 7,303 6,144 2,101 EPS-Total (PKR) 75.6 68.5 57.6 19.7 Cash Dividend/Share (PKR) 0 0 10 0 ATRL earned a Net Income of Rs. 8056 million for the second quarter ending Dec 22, up 10.4% on previous quarter (Sep22) and staggering 5.6 times on same quarter last year. Revenue however declined by 9.3% over previous quarter (Sep22), though Gross profit increased by 9.8%. The company increased revenue by 66% compared to same quarter last year (Dec21). The profitability of the company has been boosted by 'Spreads between prices of products and crude oil which started to improve last year maintained the same trend during the second quarter of the cu...