PRL posts Rs 375.322 million PAT

The profit after tax of Pakistan Refinery Limited (PRL) stood at Rs 375.322 million in the quarter ended March 31, 2017 as compared to Rs 651.430 million earned in the corresponding quarter in 2016. The board of directors of the company in its meeting held on Tuesday declared that the company's earning per share stood at Rs 1.21 in this quarter against Rs 2.10 in the same period last year. According to financial results, the company's net sales increased to Rs 15.706 billion in this quarter against Rs 12.373 billion in the same quarter last year while cost of sales increased to Rs 14.989 billion against Rs 11.353 billion.