Pakistan State Oil (PSO) – Q1-FY25 Results Update
Earnings: PSO posted Q1-FY25 EPS of Rs. 20 (PAT: Rs. 9.4bn), up 80% over the last four-quarter average and 136% year-on-year. No dividend was announced.
Operations: Revenue declined 6% both year-on-year and compared to the last four-quarter average. Gross profit rose 24% over the four-quarter average and 17% YoY, with the gross margin improving to 4% from a prior average of 3%.
Taxation & Income Mix: The effective tax rate stood at 54% (vs. 49% average). Profit includes other income of Rs. 4.6bn, accounting for a significant share of earnings.
Market Position: PSO has a heavy representation in key PSX indices — KMI-30 (Shariah Compliant): 4.5% and KSE-30: 3.1%.
Investments: The company holds a 64% stake in Pakistan Refinery Limited (PRL). PSO remains a major state-owned enterprise in the energy sector.
https://dps.psx.com.pk/download/document/263690.pdf
More on PSX:PSO https://dps.psx.com.pk/company/PSO
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