The profit after tax (PAT) of Pakistan Petroleum Limited (PPL) increased by 18 percent in the first quarter of this fiscal year compared to the same quarter the previous year, owing mostly to rising oil prices.
In the first quarter of fiscal year 2021-22, the company’s profit after tax (PAT) was Rs16.991 billion, up 18 percent from Rs14.351 billion in the previous fiscal quarter.
According to the company’s financial statistics, net sales increased by 10% to Rs43.154 billion in the quarter under review, comparable to Rs39.226 billion in the fourth half of the prior – year period.
The higher profit translated into better earnings per share (EPS), which rose to Rs6.24 in the first quarter of current fiscal year from Rs5.27 the previous year.
