Mari Petroleum Company Limited Announces Audited Earnings Results for the Fourth Quarter and Year Ended June 30, 2018
Mari Petroleum Company Limited announced audited earnings results for the fourth quarter and year ended June 30, 2018. For the year, the company reported sales-net of PKR 40,676,368,000 against PKR 28,175,487,000 a year ago. Operating profit was PKR 20,165,656,000 against PKR 11,714,539,000 a year ago. Profit before taxation was PKR 20,291,544,000 against PKR 11,149,459,000 a year ago. Profit for the year was PKR 15,374,340,000 against PKR 9,136,194,000 a year ago. Basic and diluted earnings per share were PKR 139.45 against 82.87 a year ago. Cash provided by operating activities was PKR 20,225,239,000 against PKR 7,120,289,000 a year ago. Purchase of property, plant and equipment was PKR 2,182,761,000 against PKR 1,091,333,000 a year ago. Exploration and evaluation assets were PKR 2,424,676,000 against PKR 2,124,810,000 a year ago. Return on equity was 38.25% against 35.78% a year ago. Return on assets was 10.66%.
For the quarter, the company reported sales-net of PKR 12,084,697,000, profit before taxation of PKR 5,291,106,000 and net profit of PKR 4,590,107,000.