Mari Petroleum Limited (MARI) is scheduled to announce its financial result for 9MFY19 on 19th April’19, analysts expect the company to post a profit after tax (PAT) of PKR 16,418mn (EPS: PKR 135.37) compared to PKR 10,784mn (EPS: PKR 88.92) during same period last year (up by 52% YoY).
This was led by a 46% YoY surge in topline, given 53% YoY hike in wellhead price of Mari gas field tagged with 19% YoY higher oil prices and 2% YoY uptick in gas production during 9MFY19.
On a sequential basis, earnings are expected to swell up by 35% YoY to PKR 5,359mn (EPS: PKR 44.19) from PKR 3,969mn (EPS: PKR 32.73) in SPLY, amid entitlement factor of Mari gas field and Pak Rupee depreciated against USD by 20% YoY.
However, oil and gas production declined by 23% and 6% YoY, respectively. Furthermore, analysts expect the exploration costs to climb up by 188% YoY due to higher prospecting expenditure during the quarter.