Wednesday, January 27, 2021

APL: 3QFY19 earnings to Jump by 113% QoQ

Featured

US aircraft carrier enters South China Sea amid tensions over Taiwan

The US military said on Sunday that the aircraft carrier group Theodore Roosevelt has entered the South China Sea...

India administered one million doses of Corona vaccine within 6 days

Today, the Indian Ministry of Health announced the completion of the distribution of one million doses for the emerging...

Who is Joe Biden? – Learn more about the United States 46th President

Who is Joe Biden? The new American president was Barack Obama's deputy for eight years and a senator for...
Zain Zubair
Zain Zubair
Zain Zubair is a staff writer for World News Observer. He is studying ACCA in Pakistan. Besides Accountancy and writing pieces, he loves cooking and nature photography. Zain has attended various modern journalism workshops. Contact: [email protected]

Attock Petroleum Limited (APL) is scheduled to announce its 9MFY19 financial result on 11th Apr’19. The company is expected to record a PAT of PKR 3,287mn (EPS: PKR 33.03), down by 23% YoY.

- Advertisement -

Despite overall volumetric decline of 6% YoY (volumes of FO and HSD plunged by 30% and 6% YoY whereas MS witnessed growth of 15% YoY), topline is expected to grow by 39% YoY on the back of massive increase in product prices.

Gross margins to settle at 3.67%, down by 200bps compared to 5.67% on account of heavy inventory losses realized in the period under review.

On a sequential basis, topline of the company is poised to register a decline of 9% QoQ to PKR 52.65bn amid decline in volume of High Speed Diesel by 18% QoQ to 0.17mn tons vis-à-vis 0.21mn tons.

Gross margins are expected to settle at 4.10% in 3QFY19 compared to 5.49% in SPLY amid slowdown in sale of high margin product (FO sales decline by 18% YoY).

In the period under review, Analysts expect company to record inventory gains of PKR 50mn.

- Advertisement -

 

- Advertisement -
Zain Zubair
Zain Zubair
Zain Zubair is a staff writer for World News Observer. He is studying ACCA in Pakistan. Besides Accountancy and writing pieces, he loves cooking and nature photography. Zain has attended various modern journalism workshops. Contact: [email protected]
- Advertisement -

Latest News

US aircraft carrier enters South China Sea amid tensions over Taiwan

The US military said on Sunday that the aircraft carrier group Theodore Roosevelt has entered the South China Sea...

India administered one million doses of Corona vaccine within 6 days

Today, the Indian Ministry of Health announced the completion of the distribution of one million doses for the emerging coronavirus (Covid-19) vaccine within six...

Who is Joe Biden? – Learn more about the United States 46th President

Who is Joe Biden? The new American president was Barack Obama's deputy for eight years and a senator for 36 years. Famous for his...

Macron welcomes US back to the climate agreement

French President Emmanuel Macron tweeted on his Twitter account, directing the tweet to President Joe Biden and Vice President Kamala Harris to welcome the...

Nancy Pelosi: “We are ready to work under the slogan of a united America”

US House of Representatives Speaker Nancy Pelosi said, "We are ready to work under the slogan of a united America". US President Joe Biden has...

Related News