Pakistan Refinery Limited (PRL) has posted Rs 881.121 million as profit after tax in the half-year period ended on December 31, 2010 as compared to after tax loss of Rs 1,699.836 million recorded in the corresponding period in 2009.
The board of directors of the company in its meeting held on Monday declared that the company's earning per share stood at Rs 25.17 in the period under review against loss per share of Rs 48.57 in the same period a year back.
According to the financial results sent to Karachi Stock Exchange (KSE), the company's sales increased to Rs 56.442 billion in the half-year period in 2010 against Rs 48.317 billion in the same period in 2009. The company paid Rs 10.850 billion as sales tax, excise duty and development levy/surcharge in this period against Rs 9.372 billion paid in the same accounts last year. The company's cost of sales increased to Rs 44.447 billion against Rs 39.114 billion.
The company's profit before taxation stood at Rs 1.049 billion in the half year period in 2010 against before tax loss of Rs 1.055 billion in the same period in 2009. On quarterly basis, the company posted Rs 905.133 million as profit after tax translating earning per share at Rs 25.86 in the quarter ended December 31, 2010 as compared to after tax loss of Rs 1,027.667 million with per share loss of Rs 29.36 in the same quarter last year.
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