BR Research

OGDC rides on improved prices

Published February 24, 2012 Updated February 24, 2012 12:00am

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OGDCL
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(Rs mn)                   1HFY12   1HFY11   chg    2QFY12   2QFY11   chg
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Sales                    88,680   81,090     9%   43,994   40,808     8%
Operating expenses       15,427   12,792    21%    8,197    5,571    47%
Gross profit             62,126   58,022     7%   30,222   30,060     1%
Gross margins                70%      72%   -2%       69%      74%   -7%
Other income              4,622      919   403%    2,318      408   468%
Exploration expenditure   1,781    3,536   -50%    1,116    3,495   -68%
PAT                      41,573   31,598    32%   19,658   16,428    20%
EPS (Rs)                   9.67     7.35            4.57     3.82
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Source: KSE notice