BR Research

Circular debt - PSO - same story

Published August 10, 2011 Updated August 10, 2011 12:00am

================================================
Pakistan State Oil
================================================
Rs mn                    FY11      FY10      chg
================================================
Sales                820,530   742,758       10%
Cost of sales        786,250   713,592       10%
Gross profit          34,280    29,166       18%
Gross margins            4.2%      3.9%       6%
Other income           4,144     6,095      -32%
Finance cost          11,903     9,882       20%
Operating expenses     9,547     8,081       18%
PAT                   14,779     9,050       63%
EPS (Rs)               86.17     52.76
================================================

Source: KSE notice