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Karachi, National Refinery Limited, a prominent name in the petroleum and energy sector, has revealed significant updates following its recent Board of Directors meeting held on August 29, 2023, in Rawalpindi.
The company’s Board of Directors conveyed its recommendations, which include an important update for its shareholders regarding the closure of the Share Transfer Books. According to the announcement, the Share Transfer Books of National Refinery Limited will be closed from October 17, 2023, to October 23, 2023. This period of closure covers both days inclusive and marks a crucial phase for the company and its shareholders.
Furthermore, National Refinery Limited shared its Statement of Profit or Loss for the year ending on June 30, 2023. The company’s financial performance during this period is detailed as follows:
Financial Highlights for the Year Ended June 30, 2023:
Net Revenue from Contracts with Customers: A total of Rs. 298,805,449 was generated as net revenue from contracts with customers, reflecting the company’s performance in its core operations.
Gross Profit: Despite challenges, the company achieved a gross profit of Rs. 13,196,686, showcasing its ability to navigate market dynamics.
Operating Profit: National Refinery Limited reported an operating profit of Rs. 11,121,601, a testament to its operational efficiency and strategic management.
Finance Cost: The net finance cost for the period was reported at Rs. 16,244,345.
(Loss) / Profit After Taxation: The company disclosed a (loss) of Rs. 4,463,086 after taxation for the year, reflecting the financial impact of various factors on its bottom line.
The (loss) / earnings per share – basic and diluted was reported as (Rs. 55.81), highlighting the company’s financial performance on a per-share basis.
National Refinery Limited’s financial results for the year reflect the challenges and opportunities inherent in the industry. The company’s strategic decisions and management approaches have played a role in shaping its financial outcomes.
This announcement underscores the company’s commitment to transparently sharing its financial performance with its stakeholders and investors. As the Share Transfer Books closure period approaches, the company anticipates the continued support and understanding of its shareholders.
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