Attock Refinery Limited’s financial results for the third quarter ended March 31, 2013

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Karachi, April 16, 2013 (PPI-OT): We have to inform you that the Board of Directors of our Company, in their meeting held on 15th April, 2013 at 3:30 p.m. at POL House, Morgah, Rawalpindi approved the following:

i. Cash Dividend                                  Nil

ii. Bonus Shares                                  Nil

iii. Right Shares                                 Nil

iv. Any Other Entitlement / Corporate Action      Nil

v. Any Other Price Sensitive Information

The financial results of the Company are enclosed herewith for your information and necessary action please (See Annexure ‘A’).

Condensed Interim Profit and Loss Account (Unaudited) for the Nine Months Period Ended March 31, 2013

	3 Months to		9  Months to
	March 31,	March 31,	March 31,	March 31,
	2013	2012	2013	2012
	(Rupees in thousand)		(Rupees in thousand)
Net sales	41,096,129	39,874,506	123,090,105	112,177,766
Cost of sales	(41,728,336)	(40,285,952)	(120,778,478)	(110,603,585)
	———-	———-	———–	———–
Gross profit/ (loss)	(632,207)	(411,446)	(2,311,627)	1,574,181
Less: Administrative expenses	83,205	106,951	261,537	273,225
Distribution costs	10,287	8,457	28,520	24,493
Finance cost	194,805	145,696	540,366	563,270
Other charges	(909)	7,769	307,474	184,706
	———-	———-	———–	———–
	(287,388)	(268,873)	(1,137,897)	(1,045,694)
	———-	———-	———–	———–
	(919,595)	(680,319)	1,173,730	528,487
Other income	823,621	678,432	2,338,827	1,729,456
	———-	———-	———–	———–
Profit/ (loss) before taxation from refinery operations	(95,974)	(1,887)	3,512,667	2,257,943
Provision for taxation	(132,831)	(184,723)	(1,574,743)	(1,235,092)
	———-	———-	———–	———–
Profit/ (loss) after taxation from refinery operations	(228,805)	(186,610)	1,937,814	1,022,851
Income from non-refinery operations less applicable
charges and taxation	256,217	476,100	1,298,094	1,588,641
	———-	———-	———–	———–
Profit for the period	27,412	289,490	3,235,908	2,611,492
	———-	———-	———–	———–
Earnings per share-basic and diluted (Rupees)
Refinery operations	(2.68)	(2.19)	22.72	11.99
Non-refinery operations	3.00	5.59	15.22	18.63
	———-	———-	———–	———–
	0.32	3.40	37.94	30.62

For more information, contact:
Muhammad Hashim Ali
Senior Executive Accounts
Attock Refinery Limited
Refinery P.O. Morgah,
Rawalpindi, Pakistan
Tel: (92-51)5487041-45,
Telex: (92-51)5487254,
E-mail: info@arl.com.pk