Attock Refinery profit after tax increases to Rs 893.238 million

KARACHI: The profit after tax of Attock Refinery Limited (ARL) has increased to Rs 893.238 million in the quarter ended September 30, 2011 as compared to Rs 583.324 million earned in the corresponding quarter in 2010. The board of directors of the company in its meeting held on Monday declared that the earning per share of the company has increased to Rs 10.47 in the period under review against Rs 6.84 in the same period last year.

According to the financial results sent to Karachi Stock Exchange, the company’s net sales increased to Rs 36.427 billion in this quarter against Rs 25.040 billion in the same quarter last year. The cost of sales increased to Rs 34.965 billion against Rs 24.163 billion The company’s profit before taxation from refinery operations increased to Rs 1.556 billion against Rs 1.001 billion.

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