Pakistan Petroleum : Financial Results for the Quarter Ended 30 September 2023
October 30, 2023 at 06:19 am EDT
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Our reference: PPL/CS/PSX-0178
Your reference:
Date: 30th October 2023
Mr. Syed Ahmad Abbas
Chief Listing Officer
Pakistan Stock Exchange Limited
Stock Exchange Building
Stock Exchange Road
Karachi
Dear Sir,
Re: Financial Results for the Quarter Ended 30th September 2023
The Board of Directors of the Company at its meeting held today has approved the unconsolidated and consolidated financial statements for the quarter ended 30th September 2023. The unconsolidated and consolidated interim statements of profit or loss for the period are enclosed.
We will submit the financial statements for the quarter ended 30th September 2023 shortly.
Yours truly,
_____________
Ali Jaffar
Company Secretary
Enclosures: As above.
An ISO 9001, ISO 14001 & ISO 45001 certified company
PAKISTAN PETROLEUM LIMITED
CONDENSED UNCONSOLIDATED INTERIM STATEMENT OF PROFIT OR LOSS (UNAUDITED) FOR THE QUARTER ENDED SEPTEMBER 30, 2023
Quarter ended
Quarter ended
September 30,
September 30,
2023
2022
(Rupees in thousand)
Revenue from contracts with customers
Operating expenses
Royalties and other levies
Gross profit
Exploration expenses
Administrative expenses
Finance costs
Share of loss of associates
Other charges
Other income
Profit before taxation
Taxation
Profit after taxation
Basic and diluted earnings per share (Rs)
77,447,699
(12,495,571)
(12,291,663)
(24,787,234)
52,660,465
(1,999,434)
(1,205,132)
(411,810)
(837,349)
(4,240,633)
43,966,107
3,753,625
47,719,732
(18,093,374)
29,626,358
10.89
72,610,751
(11,475,656)
(12,532,784)
(24,008,440)
48,602,311
(1,479,974)
(1,190,954)
(337,256)
(35,735)
(4,530,836)
41,027,556
4,842,959
45,870,515
(19,256,933)
26,613,582
-27.98%9.78
PAKISTAN PETROLEUM LIMITED
CONDENSED CONSOLIDATED INTERIM STATEMENT OF PROFIT OR LOSS (UNAUDITED) FOR THE QUARTER ENDED SEPTEMBER 30, 2023
Quarter ended
Quarter ended
September 30,
September 30,
2023
2022
(Rupees in thousand)
Revenue from contracts with customers
Operating expenses
Royalties and other levies
Gross Profit
Exploration expenses
Administrative expenses
Finance costs
Share of loss of associates
Other charges
Other income
Profit before taxation
Taxation
Profit after taxation
Basic and diluted earnings per share (Rs)
78,010,814
(12,735,923)
(12,477,412)
(25,213,335)
52,797,479
(2,064,908)
(1,237,275)
(429,348)
(837,349)
(4,240,633)
43,987,966
3,875,308
47,863,274
(18,102,227)
29,761,047
-37.82%
10.94
72,820,296
(11,612,419)
(12,573,286)
(24,185,705)
48,634,591
(1,744,503)
(1,202,118)
(352,639)
(35,735)
(4,530,836)
40,768,760
4,818,137
45,586,897
(19,256,933)
26,329,964
9.68
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Pakistan Petroleum Limited published this content on 30 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 October 2023 10:18:25 UTC.
Pakistan Petroleum Limited is a Pakistan-based company that is engaged in exploration, development and production of oil and natural gas resources. The Company's exploration and production portfolio is spread across Pakistan with an international presence in the United Arab Emirates (UAE) and Yemen. It also holds mineral rights in Balochistan through Bolan Mining Enterprises, which is a 50:50 joint operation between the Company and Government of Balochistan. It has a portfolio of around 50 exploration assets of which the Company operates 29, including an offshore Block 5 in Abu Dhabi, UAE while 21 blocks, comprising an onshore concession in Yemen, are operated by joint venture partners. It operates around 16 producing fields across the country at Sui, Adhi, Kandhkot, Chachar, Mazarani, Adam, Adam West, Shadadpur, Shahdadpur West, Shahdadpur East, Zafir, Fazal, Kabir, Hadaf, Dhok Sultan and Benari and holds working interest in 24 partner-operated producing fields, including Qadirpur.
PAKISTAN PETROLEUM LIMITED 
