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4-Traders Homepage  >  Equities  >  KARACHI STOCK EXCHANGE (GUARANTEE) LIMITED, THE  >  Pakistan State Oil Company Limited    PSO   PK0022501016

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Pakistan State Oil : CCP imposes penalties on various organizations for using deceptive market practices

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02/21/2017 | 02:17pm CET

Competition Commission of Pakistan (CCP) has imposed penalties on different private and public sector organizations indulging in deceptive marketing practices in violation of the Competition Act, 2010.

The CCP imposed penalty on real estate, petroleum and dairy

companies to stop the mal-business practices and maintain transparency in the market, an official of the CCP told reporter here on Monday.

He said before imposing penalities, the CCP conducted an impartial investigation for maintaining transparency in market for evolving accountability mechanism.

The CCP had imposed a penalty Rs 150 million, Rs 2 million,

Rs 64 million on Pakistan State Oil, Bahria Town Rawalpindi and different dairy companies respectively for running deceptive marketing campaign for its products, he added.

Replying to a question, he said the CCP was mandated under the Competition Act, 2010 to ensure fair competition in all spheres of commercial and economic activity.

The official said the CCP was committed to maintain transparency for enhancing economic efficiency and to protect consumers from anti- competitive practices including deceptive marketing.

He said the CCP continuously strived in promoting a healthy competition in all spheres of commercial and economic sectors and to protect consumers from anti-competitive behavior.

© Pakistan Press International, source Asianet-Pakistan

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Financials ( PKR)
Sales 2017 812 296 M
EBIT 2017 30 000 M
Net income 2017 15 481 M
Debt 2017 -
Yield 2017 3,58%
P/E ratio 2017 8,29
P/E ratio 2018 7,72
Capi. / Sales 2017 0,15x
Capi. / Sales 2018 0,14x
Capitalization 124 025 M
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Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 494  PKR
Spread / Average Target 8,1%
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Managers
NameTitle
Sheikh Imran ul-Haque Chief Executive Officer & Managing Director
Mujahid Eshai Chairman
Yacoob Suttar Chief Financial Officer
Mohammad Naeem Malik Non-Executive Director
Umar Azim Daudpota Non-Executive Director
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