Tuesday, October 27, 2020

APL: 3QFY19 earnings to Jump by 113% QoQ

Featured

Armenian defense denies targeting civilian sites in Azerbaijan

The Armenian Ministry of Defense denied targeting civilian sites in Azerbaijan, according to an urgent news broadcast, Azerbaijan announced...

Harris promised to end Trump’s policies on asylum restrictions and ensure immigrant dignity

Democratic candidate for US Vice President Kamala Harris promised to work with Democratic presidential candidate Joe Biden to put...

Covid-19 vaccine could be available by end of the year: Fauci

Before the end of this year, it will be possible to know if there is a vaccine against COVID-19...
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.

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.

 

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

Armenian defense denies targeting civilian sites in Azerbaijan

The Armenian Ministry of Defense denied targeting civilian sites in Azerbaijan, according to an urgent news broadcast, Azerbaijan announced...

Harris promised to end Trump’s policies on asylum restrictions and ensure immigrant dignity

Democratic candidate for US Vice President Kamala Harris promised to work with Democratic presidential candidate Joe Biden to put an end to the policies...

Covid-19 vaccine could be available by end of the year: Fauci

Before the end of this year, it will be possible to know if there is a vaccine against COVID-19 that is "safe and effective"...

Belarus: Opposition leader in quarantine after coming into contact with an infected

The leader of the Belarusian opposition, Svetlana Tikhanovskaya, announced that she is currently under quarantine after her contact with the Slovenian Foreign Minister Anzi...

50 million Americans voted by mail in the presidential election so far

More than 50 million Americans cast their ballots in the US presidential election by mail 11 days before the start of the race, a...

Related News