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

SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector 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
06/26 PAKISTAN STATE OIL : Design, Supply, Fabrication, Installation And Commissioning..
06/22 PAKISTAN STATE OIL : Maintenance Contract of 500,100 and 2000 KVA DG sets instal..
06/20 PAKISTAN STATE OIL : PSO partners with Telenor to offer branchless banking servi..
06/20 PAKISTAN STATE OIL : leaps towards retail modernization by providing branchless ..
06/16 PAKISTAN STATE OIL : PSO, APL to set up Jet Fuel Farm at IIAP
06/16 PSO, ATTOCK PETROLEUM : Joint venture builds fuel storage at new airport
06/15 PAKISTAN STATE OIL : PSO inks fuel supply agreement with Pakistan Railways
06/14 PAKISTAN STATE OIL : PSO, Pakistan Railways sign Fuel Supply Agreement - Press N..
06/14 PR : (PSO inks 360-degree Fuel Supply Agreement with Pakistan Railways)
06/14 PR : (PSO, Pakistan Railways sign Fuel Supply Agreement)
More news
Sector news : Petroleum Product Wholesale
06/27 NK ROSNEFT' : Russia's Rosneft targets bigger gas output, lower costs
06/27 China pumps cash into African floating LNG projects in strategic push
06/27DJSantos Inks Strategic Relationship with ENN, Hony
06/26 Thirteen EU nations back plan for talks with Russia over gas pipeline
06/26DJEUROPE MARKETS : European Stocks Finish Higher, Helped By Italian Banks, Nestlé
More sector news : Petroleum Product Wholesale
News from SeekingAlpha
2015 Pearson names Williams new CFO
Advertisement
Financials ( PKR)
Sales 2017 824 466 M
EBIT 2017 -
Net income 2017 16 329 M
Debt 2017 -
Yield 2017 4,31%
P/E ratio 2017 6,89
P/E ratio 2018 6,62
Capi. / Sales 2017 0,13x
Capi. / Sales 2018 0,12x
Capitalization 107 161 M
More Financials
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 504  PKR
Spread / Average Target 28%
Consensus details
EPS Revisions
More Estimates Revisions
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
Salman Ansari Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
PAKISTAN STATE OIL COM..1 023
PETRONAS DAGANGAN BERH..--.--%5 613
RUBIS32.32%5 256
SUNOCO LP13.35%3 519
WORLD FUEL SERVICES CO..-19.56%2 533
ORIENTAL ENERGY CO., L..--.--%2 449
More Results