Pakistan State Oil

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Pakistan State Oil
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(Rs mn)                1HFY12    1HFY11     chg    2QFY12    2QFY11       chg
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Net sales            492,876   359,953      37%  254,140   189,591        34%
Gross profit          16,417    13,944      18%    8,739     7,231        21%
Operating expenses    (7,815)   (4,178)     87%   (4,526)   (2,226)      103%
Other income           1,261     1,796     -30%      365     1,378       -74%
Operating profits     10,443    11,832     -12%    4,948     6,474       -24%
Finance cost          (4,000)   (6,044)    -34%   (2,128)   (3,068)      -31%
Profit before tax      6,696     6,052      11%    2,955     3,535       -16%
taxation              (2,113)    1,079              (859)    2,786
Profit after tax       4,583     7,131     -36%    2,096     6,321       -67%
EPS                    26.72     41.58     -36%    12.22     36.86       -67%
Gross  margin            3.3%      3.9%              3.4%      3.8%
Operating  margin        2.1%      3.3%              1.9%      3.4%
Net margin               0.9%      2.0%              0.8%      3.3%
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Source: KSE notice