PSO: Company to Increase its Storage Capacity by 300,000 MT – By IIS Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Pakistan State Oil (PSO) recorded earnings of PKR 4,141 million (EPS: PKR 15.24) in 3QFY17, against the loss of PKR 2,132 million (LPS: PKR 7.85) posted in the same period last year. In the analyst briefing held yesterday, the management attributed the reason for higher earnings growth to surge in margins (notably that of Furnace Oil) aided by volumetric increase in POL products. Along with that, increase in LNG business and Lubes contribution, higher decline in finance cost and increase in Late Payment Surcharge (LPS) income from IPPs and PIA further supported the company&rsquo;s earnings. The company also divulged its plans to increase its storage capacity by 300,000 MT.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:...