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PSO's Q2 profit jumps more than three-fold


Business
February 19, 2021
KARACHI: Pakistan State Oil (PSO) has announced a net profit of Rs4.03 billion for the quarter ended December 31, 2020, up 363 percent from the profit of Rs869.66 million recorded in the corresponding quarter of the previous year.
The EPS for the quarter under review clocked in at Rs8.86 as against Rs3.91 in the same quarter previous year. PSO also declared a cash dividend of Rs5.0/share.
“The jump in earnings is due to growth in volumes and company recording inventory gains of Rs0.6 billion in Q2FY21 compared to inventory loss of Rs2 billion in Q2FY20, we view,” a report issued by Arif Habib Limited noted. ....

Sheen Dund , Meezan Bank Limited , Engro Corporation , Mari Petroleum Company Limited , Mari Petroleum , Pakistan State Oil , Arif Habib , Meezan Bank , Engro Corp , Arif Habib Limited , Corporation Limited , Engro Vopak Terminal , Phos Acid , Bank Limited , Taurus Securities , Petroleum Company Limited , Insight Securities , ஷீன் டண்ட் , மீசன் வங்கி வரையறுக்கப்பட்டவை , மாரி பெட்ரோலியம் நிறுவனம் வரையறுக்கப்பட்டவை , மாரி பெட்ரோலியம் , பாக்கிஸ்தான் நிலை எண்ணெய் , ஆரிப் ஹபீப் , மீசன் வங்கி , ஆரிப் ஹபீப் வரையறுக்கப்பட்டவை , நிறுவனம் வரையறுக்கப்பட்டவை ,