Pakistan Oilfields Limited: Result Review – By Alfa-Akseer Research

  • By: Alpha Capital (Private) Limited

  • - Published: Wednesday, 11 August 2021
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<ul><li><span lang="en-PK" style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">POL announced its FY21 financial result today, wherein the company reported an EPS of PKR 47.14, down 18% YoY. The result is in line with our expectation. Along with the result, the company announced final cash dividend of PKR 30/share, taking cumulative dividend payout to PKR 50/share.</span></li><li><span lang="en-PK" style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Company&rsquo;s net sales declined by 6% YoY and settled at PKR 36.0bn during the year. This decline is mainly on account of lower hydrocarbon production.</span></li><li><span lang="en-PK" style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Exploration cost went down by 65% YoY to PKR 494mn in FY21 mainly on account of limited seismic activity...

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