Rawalpindi February 19 2022: During the second quarter of fiscal year 2022, Attock Refinery Limited earned profit after tax of PKR 1,078 million from refinery operations (December 31, 2020: Loss of PKR 863 million). Non-refinery income during this period was PKR 608 million (December 31, 2020: PKR 74 million). Accordingly, overall profit after taxation was PKR 1,686 million with earning per
share of PKR 15.82 (December 31, 2020: Loss of PKR 789 million with loss per share of Rs 7.40).
A L S O || R E A D
HBL selects Temenos to transform its Banking Services
Improvement in spreads between prices of products and crude oil which started during first quarter of the year
continued during the second quarter of the year. However, advantage of this improvement was largely neutralised by increase in prices of energy, chemicals and associated freight costs. Sharp decline in the value of Pak Rupee versus US Dollar and increase in interest rates have also increased finance cost.
During the period under review, the Company supplied 878 thousand Metric Tons of various petroleum products while operating at about 78 percent of the capacity compared to production of 898 thousand Metric Tons at about 76 percent capacity in the same period last year.
Due to
non-uplifting of furnace fuel oil, the refinery could not be operated at higher capacity.
