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28
SALES
7,005,915
15,148,638
(775,540)
(1,504,551)
NET SALES
18
6,230,375
13,644,087
19 (2,361,227)
(4,481,538)
(76,493)
(146,925)
(428,061)
(1,090,560)
(978,425)
(1,490,237)
(3,844,206)
(7,209,260)
GROSS PROFIT
2,386,169
6,434,827
20
(467,960)
(740,408)
1,918,209
5,694,419
(57,173)
(99,700)
21
(487,042)
(675,442)
22
(149,447)
(395,240)
(693,662)
(1,170,382)
1,224,547
4,524,037
23
705,007
953,610
1,929,554
5,477,647
510,599
604,848
PROFIT BEFORE TAXATION
2,440,153
6,082,495
24
(300,174)
(1,300,237)
PROFIT FOR THE PERIOD
2,139,979
4,782,258
2,134,060
4,769,549
5,919
12,709
2,139,979
4,782,258
9.02
20.16
7,954,361
14,437,271
Sales tax
(684,958)
(1,298,468)
7,269,403
13,138,803
Operating costs
(2,232,768)
(4,371,045)
Excise duty and
development surcharge
(67,958)
(129,970)
Royalty
(576,017)
(1,073,697)
Amortisation of development
and decommissioning costs
(865,125)
(1,425,839)
(3,741,868)
(7,000,551)
3,527,535
6,138,252
Exploration costs
(125,834)
(190,331)
3,401,701
5,947,921
Administration expenses
(40,280)
(84,462)
Finance costs
(195,110)
(390,039)
Other charges
(214,727)
(388,326)
(450,117)
(862,827)
2,951,584
5,085,094
Other income
233,997
397,865
3,185,581
5,482,959
Share in profits of associated
companies - net of impairment loss
112,828
623,157
3,298,409
6,106,116
Provision for taxation
(819,043)
(1,336,667)
2,479,366
4,769,449
Attributable to:
Owners of Pakistan
Oilfields Limited (POL)
2,465,504
4,746,786
Non - controlling interests
13,862
22,663
2,479,366
4,769,449
Earnings per share - Basic and diluted (Rs)
10.42
20.07
The annexed notes 1 to 28 form an integral part of this condensed interim financial information.
Condensed Interim Consolidated Profit and Loss Account (Unaudited)
For the Six months period ended December 31, 2017
Note
Three months period ended
Rupees ('000)
Six months period ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2016
Dec. 31, 2017
Director
Abdus Sattar
CFO
Khalid Nafees
Chief Executive
Shuaib A. Malik