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MarketScreener Homepage  >  Equities  >  The Pakistan Stock Exchange  >  Shell Pakistan Limited    SHEL   PK0016701010

SHELL PAKISTAN LIMITED

(SHEL)
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Shell Pakistan : MACRO-ECONOMIC CHALLENGES IMPACT SHELL PAKISTAN'S RESULTS

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03/22/2020 | 10:59pm EDT

The Board of Directors of Shell Pakistan Limited (SPL) announced financial results for the year ended December 31st, 2019. The company posted a loss after tax of PKR 1,485 million for 2019 compared to the loss of PKR 1,102 million in 2018.

The oil industry felt the impact of some of the continued macro-economic challenges faced by the country, primarily owing to the unprecedented devaluation of the rupee; declining fuels market; volatility in the international oil prices and increased minimum tax rates applicable, which has had a significant impact on SPLs financial results.

In 2019, the Pak Rupee further devalued against the US dollar by 11%. Although the Pak Rupee remained reasonably stable in the last six months, its effects were felt in the overall results of the company. Being part of an import dependent industry where a large percentage of SPLs costs are denominated in foreign currency, this devaluation had an impact on its cost base and, in turn, on financial performance.

Shell Pakistan Limited continues its focus on driving competitive business plans to deliver top quartile business performance and play a key role in developing Pakistan’s energy future.

© Pakistan Press International, source Asianet-Pakistan

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Financials
Sales 2020 204 B 1 251 M 1 251 M
Net income 2020 - - -
Net Debt 2020 - - -
P/E ratio 2020 -
Yield 2020 5,44%
Capitalization 18 943 M 117 M 116 M
EV / Sales 2019
Capi. / Sales 2020 0,09x
Nbr of Employees 413
Free-Float 100%
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Technical analysis trends SHELL PAKISTAN LIMITED
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Mean consensus UNDERPERFORM
Number of Analysts 3
Average target price 252,50 PKR
Last Close Price 177,02 PKR
Spread / Highest target 63,8%
Spread / Average Target 42,6%
Spread / Lowest Target 21,5%
Managers
NameTitle
Haroon Rashid Chief Executive Officer, Executive Director & MD
Rafi Haroon Basheer Chairman
Faisal Waheed CFO, Finance Director & Executive Director
Badaruddin F. Vellani Non-Executive Director
Nasser N. S. Jaffer Non-Executive Director
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