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National Refinery Limited (PSX:NRL)

National Refinery Limited (PSX:NRL) released its annual financial results for the year ending June 30, 2024.

For the year, NRL reported a substantial loss of Rs. 197.5 per share. In the last quarter (Q4 June 2024), the company incurred a loss of Rs. 103.4 per share.

This year, the NRL experienced significant financial challenges, incurring gross losses in three quarters. Additionally, the strain on cash flows has exacerbated financial difficulties, which are now approximately three times higher than last year.

NRL is trading at a market price of Rs 223 per share and has declined more than 15% in last three months.

NRL has a modest presence in the PSX indices, with a 0.25% exposure in the KSE100 Index, 0.35% in the KSE30 Index, and 0.56% in the KMI30 Index.

National Refinery is part of the Attock Group, with both Pakistan Oilfields Limited (POL) and Attock Refinery each holding a 25% share in the company. NRL was sold by the Government of Pakistan in 2005 and subsequently acquired by the Attock Group.

https://dps.psx.com.pk/download/document/236178.pdf



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