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 ...

Pakistan Oilfields Limited (PSX:POL) reported its annual financial results for the year ending June 30, 2024. The company earned a net income of Rs. 137.9 per share and declared a total cash dividend of Rs. 95 per share. On an annual basis, POL's revenue increased by 7%, with profit before tax and profit after tax also rising by 7%. Financial charges decreased significantly by 65%, while the tax rate remained stable at 26%, compared to 27% last year.

Pak Oilfields (POL) reported earnings per share (EPS) of Rs. 43.55 for the 3rd quarter (Mar 2024), down from Rs. 57.2 last year. No cash dividend was declared. Normally, POL pays cash dividends with half-yearly and annual results. On a nine-month basis, the EPS was Rs. 105.5, showing a modest decrease from Rs. 107.8 last year. Net income after tax for the third quarter was Rs 12.36 billion, around 24% down compared to the third quarter last year. The main reason for the decline was on account of 'other income', though the gross profit was slightly up this year and financial charges were substantially reduced by over 87%. But the decline in 'other income' from Rs. 14.3 billion in the 3rd quarter last year to just Rs. 3.98 billion this year had a huge negative impact on the profit this quarter. Note that the other income last year was unusually high and has since normalized. Exploration costs of Rs 316 million were down 63% over last year. The POL tax rate was around 10% ...

Pakistan Oilfield Ltd (PSX:POL) is trading at a very low Price to Earning Ratio (PE) of less than4 and a low Price to Book (PBV) of close to 2. POL pays a cash dividend twice a year and currently has a high dividend yield of 17%. In a structured portfolio a weight of 2.5% is recommended for POL. The latest annual EPS in 2022 was over Rs. 90, which is almost double compared to any earning per share in recent years. On a trailing twelve month basis, EPS remains high. 

Pakistan Oilfields Ltd (PSX:POL) holds substantial quoted and not quoted investments.  In quoted investments, POL holds 19,991,640 ordinary shares (i.e. 25% of the issued capital) of National Refinery Limited (PSX:NRL). POL also holds 6,984,714 shares  (i.e. 7% of the issued capital) of Attock Petroleum Limited (PSX:APL). Both, NRL and APL are listed on Pakistan Stock Exchange.

For full year Jun 2022, Pakistan Oilfields Ltd (PSX:POL ) earned profit after tax of Rs 25.93 billion (2021: Rs.13.38 billion), which is higher by 93.8% on last year. The profit translates into earnings per share of Rs 91.37 (2021: Rs 47.14 per share).  The increase in profit is mainly related to increase in average price of Crude Oil by 70.3% , Gas average price increased by 16.2%, notional exchange gain on bank balances, higher income on bank deposits because of higher deposits and profit rates. During the year productions of Crude Oil, Gas and LPG were lower by 10.9% and 9.6% and 2.2% respectively in comparison to last year mainly due to natural decline . POL share in production, including that from joint ventures, for the year under review averaged 5,528 barrels per day (bpd) of crude, 70.75 million standard cubic feet per day (mmscfd) of gas, 151.83 metric tonnes per day (MTD) of LPG, 1.30 MTD of Sulphur and 51 bpd of solvent oil. Download POL Annual Report Jun 2022 Also See: ...

Pakistan Oilfields Limited (PSX:POL) is incorporated in Pakistan as a public limited company. The Company is engaged in exploration, drilling and production of crude oil and gas in Pakistan. Its activities also include marketing of liquefied petroleum gas under the brand name POLGAS and transmission of petroleum. POL is a subsidiary of The Attack Oil Company Limited, UK and its ultimate parent is Coral Holding Limited. Attock Oil Ltd holds 52.77% shares of POL. Company Name: Pakistan Oilfields Limited PSX Ticker: POL Market Cap of POL was Rs. 121.bn. PSX Sector: OIL & GAS EXPLORATION  Year End: June Issued Ordinary Shares: 283.8 Million  Free Float: 45.75% For More info on POL: http://www.pakoil.com.pk https://dps.psx.com.pk/company/POL https://www.pakstox.com/search/label/POL Investments/Holdings: In 2005, POL acquired a 25% share in National Refinery Limited (listed on PSX trades under Ticker:NRL. NRL is the only refining complex in the country producing fuel products as...