BR Research

National Refinery remains under duress

Published April 19, 2012 Updated April 19, 2012 12:00am

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National Refinery Limited
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(Rs mn)              9MFY12     9MFY11    chg    3QFY12    3QFY11     chg
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Net sales          126,158    106,517     18%   44,492    38,789      15%
Gross profit         3,892      7,174    -46%      958     2,555     -62%
Operating profit     4,218      7,398    -43%    1,048     2,604     -60%
PAT                  2,163      4,846    -55%      579     1,710     -66%
EPS (Rs)             27.05      60.60    -55%     7.23     21.38     -66%
Gross margin          3.08%      6.73%            2.15%     6.59%
Operating margin      3.34%      6.95%            2.36%     6.71%
Net margin            1.71%      4.55%            1.30%     4.41%
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Source: KSE Notice