Islamabad April 28 2025: Attock Refinery Limited, profit dropped 60.3 percent to PKR 8.5 billion during the first nine month of the current financial year due to lower refinery margins, according to company filing to the Pakistan Stock Exchange.
During the period under review the Company earned profit after tax of PKR 7,697 million from refinery operations (March 31, 2024: Profit of PKR 20,794 million).
Non-refinery income during this period was PKR 897 million (March 31, 2024: PKR 888 million).
Accordingly, overall profit after taxation was PKR 8,595 million with earning per share of PKR 80.62 (March 31, 2024: Profit of PKR 21,682 million with earning per share of PKR 203.36).
During the first nine month period of the current financial year witnessed depressed refining margins after reaching historic highs in 2021-22. There was reduction in crude oil supply from some of the northern oilfields mainly due to their planned turnarounds and forced reduction in production due to high SNGPL system gas pressures. This situation has led to decrease in capacity utilization of the refinery and overall profitability of the Company. Earning from non-refinery income and deposits played a significant role in the Company’s overall profitability.
