PakStox Outlook

AGTL | Al-Ghazi Tractors Limited launches a new 85 HP Tractor. link PSO imported 105 LNG vessels, totalling 6,369 thousand tons, a 6.9% increase from the previous year, See Annual Report 2024.  "PSO is joining forces with Frontier Works Organization (FWO) and Inter State Gas Systems (ISGS) to launch the White Oil Pipeline initiative." established establishment. FEROZ | Ferozsons Laboratories Limited has partnered with Gilead Sciences to manufacture and sell generic lenacapavir in developing countries. This will help increase access to this HIV medication in regions with limited resources. Link TPL | TPL Corp Limited announced a loss of Rs 1.39 billion (loss per share of Rs 5.23, last year Rs -3.23) for the year ending June 2024. Operating income was just Rs 144 million and financial charges were over Rs 1.48 billion. See P&L. TRG has issued its annual report. This is what Directors' Report states about the loss. " The most significant item on our balance sheet...

PSO | Pakistan State Oil Company Limited Earning Release Q3-Mar 2024 For the quarter ending March 2024; PSO reported a profit after tax of Rs. 5,647 million, registering a huge decline of 59% over the same quarter last year. The earnings per share came out at Rs. 12.03 for the quarter. PSO did not announce any cash dividends along with the results announcement. Note that over the course of the last one year, PSO has distributed a total of Rs. 7.5 per share as cash dividends. On a 9-month basis, PSO registered growth of 30% , however. It announced a PAT of Rs. 13,397 million (EPS Rs. 28.5) , compared to a PAT of Rs. 10,285 million in the same period last year. Such is the volatility in the profitability of the PSO. To provide historical context to the earnings, note that on a twelve-month trailing basis, PSO has recorded a profit after tax of Rs. 8,774 million, compared to a profit after tax of Rs. 16,773 million last year. This also shows a substantial decline. PSO booked a tax revers...

Recovering Profitability After two consecutive poor quarters , Pakistan State Oil Company Limited (PSO)  managed to achieve a net income of Rs 10.15 billion in the third quarter ending March 30, 2023. While this figure represents a 70% decline compared to the earnings in the corresponding quarter of the previous year, it a significant improvement from the loss of Rs. 4.6 billion incurred in the second quarter and the modest profit of Rs. 1.2 billion generated in the first quarter of this year. The profitability of PSO is primarily influenced by its volatile gross margin rather than fluctuations in revenue. Changes in revenue growth or decline are typically insignificant. For instance, in comparison to the second quarter, there was a 4% decline in revenue, yet the gross profit experienced a substantial increase. Similarly, when compared to the same quarter of the previous year, revenue witnessed a significant 43% increase, while the corresponding rise in gross profit was merely 6%....

Pakistan State Oil Company Limited Third Quarter Financial Statement 31 Mar 2023 The petroleum industry saw a significant decline of 19.6% in white oil sales - a dip of 17.1% in motor gasoline and 24.9% in diesel, mainly due to a slowdown in economic activities and inflating fuel prices. Additionally, the demand for black oil also declined by 32.1% as a result of limited furnace oil-based power generation given the reduced demand for electricity across the country. [PSO recorded] a 2.9% increase in its white oil market share compared to the same period last year, PSO sold around 51% of the industry volume. The major contributor was diesel, in which the company increased its market share by 4.1%, closing the period at 54.4%. Circular debt continues to be a major concern. Receivables from SNGPL increased by 65% from March 31, 2022, increasing PSO's average borrowings by 157% and finance cost by a staggering 995 basis points compared to the same period last year. A number of option...