Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

PAKISTAN STATE OIL COMPANY LIMITED (PSO)
Mes dernières consult.
Most popular
  Report  
SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Pakistan State Oil Company Limited : PSO announces record results for FY10-11

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/09/2011 | 03:00pm CEST

PSO announces record results for FY10-11

KARACHI  August 09, 2011: Pakistan State Oil posted record results for the financial year 2011 and announced an after tax earnings of Rs. 14.7 billion as compared to earnings after tax of Rs. 9.05 billion during the previous financial year. These results were declared after PSO’s Board of Management (BoM) convened on Tuesday at PSO House to review the company’s performance over the fiscal year 2010-11.

Despite financial challenges posed by the ever increasing circular debt and the economic slow down, PSO maintained its position as the market leader with a market share of 78.2% and 54.4% in the Black Oil and White Oil segments respectively, thereby contributing to an overall market share of 65.6%.

PSO sold 12.6 million tons of POL products in FY 11 with net sales revenue growing to Rs. 975 billion in comparison to Rs. 877 billion in the previous year.

The BoM declared a final cash dividend of Rs. 2 per share in addition to the already paid interim dividends at Rs. 8 per share. Earnings per share also registered an improvement to Rs. 86.17 per share from Rs. 52.76 per share last year.

While expressing their confidence in the strategic vision and managerial skills of the PSO management, the Board nevertheless expressed serious concern on the spiraling receivables which stood at Rs. 138.2 billion as of August 9, 2011. They observed that the financial costs associated with servicing this debt coupled with consistent delays in payment from the power sector continued to hurt the overall profitability of the company. The BoM also directed that efforts be made to reduce the impact of the burgeoning financial costs through constant pursuit for recovery of receivables from the power sector entities as well as from the Government of Pakistan.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on PAKISTAN STATE OIL COMPANY
05:30pPAKISTAN STATE OIL : PSO signs agreement with Port Qasim Authority to supply the..
AQ
03:15pPAKISTAN STATE OIL : PSO signs agreement with Port Qasim Authority to supply the..
AQ
02:55pPAKISTAN STATE OIL : PAC directs Petroleum Division to end induction of employee..
AQ
12:18pPAKISTAN STATE OIL : Supply of Dip Rod (Brass)
AQ
04/24PAKISTAN STATE OIL : Reports Profit after Tax of Rs 13.2 Billion in 9MFY18 - Pre..
AQ
04/24PAKISTAN STATE OIL : Reports Profit after Tax of Rs 13.2 Billion in 9MFY18 - Pre..
AQ
04/24PAKISTAN STATE OIL : PSO reports profit after tax of Rs 13.2 billion in 9mfy18
AQ
04/24PAKISTAN STATE OIL : PSO reports profit after tax of Rs13.2b
AQ
04/24PAKISTAN STATE OIL : PSO announces profit after tax of Rs 13.2 bn in 9 months
AQ
04/24PAKISTAN STATE OIL : PSO announces Rs 13.2bn profit after tax in nine months
AQ
More news
News from SeekingAlpha
2015Pearson names Williams new CFO 
Financials ( PKR)
Sales 2018 994 B
EBIT 2018 -
Net income 2018 17 915 M
Debt 2018 -
Yield 2018 5,66%
P/E ratio 2018 6,84
P/E ratio 2019 7,00
Capi. / Sales 2018 0,11x
Capi. / Sales 2019 0,12x
Capitalization 107 B
Chart PAKISTAN STATE OIL COMPANY
Duration : Period :
Pakistan State Oil Company Technical Analysis Chart | PSO | PK0022501016 | 4-Traders
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 387  PKR
Spread / Average Target 14%
EPS Revisions
Managers
NameTitle
Sheikh Imran ul-Haque Chief Executive Officer & Managing Director
Mujahid Eshai Chairman
Yacoob Suttar Chief Financial Officer & Deputy Managing Director
Mohammad Naeem Malik Non-Executive Director
Adeel Rauf Director
Sector and Competitors
1st jan.Capitalization (M$)
PAKISTAN STATE OIL COMPANY LIMITED925
RUBIS3.85%7 047
PETRONAS DAGANGAN BERHAD--.--%6 861
SUNOCO LP-2.71%2 769
ORIENTAL ENERGY CO., LTD.--.--%2 609
TOWNGAS CHINA COMPANY LTD12.24%2 491