PSO and APL Project Positive Financial Outcomes Amid Market Shifts

KARACHI: Pakistan State Oil (PSO) and Attock Petroleum Limited (APL) have projected notable financial outcomes for the second quarter of fiscal year 2025, with PSO anticipating a significant profit increase and APL expecting a marginal decline in profits as compared to the same quarter last year.

According to a statement by AKD Securities Limited, PSO is set to report a profit after tax (PAT) of PKR 8.4 billion, translating to earnings per share (EPS) of PKR 17.9. This marks a turnaround from a loss after tax (LAT) of PKR 14.1 billion recorded in the same period last year. The improvement is driven by several factors, including the absence of inventory losses, an increase in volumetric offtakes, income from delayed payments related to past-due gas receivables, and a reduction in finance costs. PSO’s total volumes increased to 2.0 million tons, reflecting a 7% year-on-year growth.

In contrast, APL is expected to post a PAT of PKR 2.4 billion, with an EPS of PKR 19.5, indicating a 4% year-on-year decline. The decrease is primarily due to lower volumetric offtakes and reduced finance income amidst declining yields on fixed-income investments. Despite this, APL managed to maintain stable fuel prices, which helped avoid inventory losses and resulted in improved gross margins of 3.5%.

Both companies have received a ‘BUY’ rating on their stock, with PSO showing an expected upside potential of 86% and APL at 61% from their last closing prices.

The post PSO and APL Project Positive Financial Outcomes Amid Market Shifts appeared first on Pakistan Business News.