Attock Petroleum commissions 25 new retail outlets during 9MFY11

Oil, Gas and Power

LAHORE –– The APL has commissioned 25 new retail outlets during 9MFY11, taking the total count to 302. Hence, APL continued its expansion strategy despite circular debt issue, floods during 1QFY11 and freeze on OMC’s margin on regulated petroleum products since Dec 10.

APL reported a healthy PAT of PKR2.75bn (EPS of PKR39.83), YoY increase of 18%. Gross profit for 3QFY11 increased by 20% on both QoQ and YoY basis, due to inventory gains and QoQ 16% increase in volumetric sales.

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