BR Research

Inventory and exchange losses dent PSO

Published August 10, 2012 Updated August 10, 2012 12:00am

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Pakistan State Oil
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(Rs mn)                  FY12      FY11      chg
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Sales                1,024,424   820,530     25%
Cost of sales          990,101   786,250     26%
Gross profit            34,323    34,280      0%
Gross margins              3.4%      4.2%   -20%
Other income             7,551     4,144     82%
Finance cost            11,659    11,903     -2%
Operating expenses      18,170     9,547     90%
PAT                      9,056    14,779    -39%
EPS (Rs)                 52.80     86.17
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Source: KSE notice