- Apr 11, 2017
Pakistan Oilfields Limited (POL): Higher revenues to fuel bottom-line growth in 9MFY18
13 April 2018
Pearl Securities Limited
- The board meeting of Pakistan Oilfields Limited (POL) is scheduled on April 16th, 2018 to unveil its 9MFY18 financial results.
- Net earnings of the company are expected to clock in at PKR8.36bn (EPS PKR35.33) in 9MFY18 as compared to PKR7.47bn (EPS PKR31.56) registered in the corresponding period of previous year, exhibiting a rise of 12%YoY.
- In terms of quarterly performance, 3QFY18 bottom-line is estimated at PKR3.60bn (EPS PKR15.20) versus PKR2.81bn (EPS PKR11.88) registered in the same quarter last year, depicting a notable increase of 28%YoY.
- Topline of the company is expected to rise 17%YoY to PKR23.80bn during 9MFY18 mainly due to significant increase in international oil prices (benchmark arab light price +22%YoY) amid stable production flows. Moreover, devaluation in USD/PKR exchange rate (6.2%YoY in 3QFY18) would further amplify company’s net revenues.