Rawalpindi: Attock Petroleum Limited announced its financial results for the six-month period ending December 31, 2024, during a board meeting held on January 27, 2025. The board has recommended an interim cash dividend of Rs. 12.50 per share, equating to 125%, to be paid to shareholders listed in the register of members as of February 07, 2025. This marks a significant financial milestone for the company, with no bonus or right shares declared.

The company's financial performance reflected a decrease in sales compared to the previous year. For the six-month period ending December 31, 2024, sales stood at Rs. 235.52 billion, compared to Rs. 278.41 billion in the previous year. The net sales, after accounting for sales tax and government levies, were reported at Rs. 231.82 billion, down from Rs. 271.91 billion in the same period last year.

Despite the dip in sales, Attock Petroleum Limited reported a gross profit of Rs. 8.06 billion, a decrease from Rs. 13.38 billion in the previous year. The company's operating profit for the period was Rs. 5.04 billion, showing resilience amid challenging market conditions.

According to information available from the Pakistan Stock Exchange (PSX), the net finance income for the company was Rs. 3.06 billion, which is slightly lower than the Rs. 3.28 billion recorded in the prior year. The share of profit from associates accounted for under the equity method amounted to Rs. 543.92 million, a substantial increase from Rs. 22.71 million in the previous year.

The profit before taxation for the six-month period was Rs. 8.09 billion, compared to Rs. 12.67 billion in the corresponding period last year. After accounting for taxation, the profit for the period was reported at Rs. 5.12 billion, compared to Rs. 7.80 billion in the previous year. The earnings per share were Rs. 41.18, down from Rs. 62.69 in the previous year.

In terms of cash flow, the company reported an inflow from operating activities amounting to Rs. 11.79 billion, contrasting with an outflow of Rs. 156.10 million in the same period last year. Cash inflow from investing activities was Rs. 2.71 billion, while financing activities resulted in a cash outflow of Rs. 2.93 billion.

The company's total comprehensive income for the period was Rs. 5.13 billion, and the balance as of December 31, 2024, stood at Rs. 58.89 billion, including share capital, special reserves, and unappropriated profit.

Overall, Attock Petroleum Limited showcased a robust financial standing despite a challenging market environment, maintaining strong shareholder returns through strategic financial management and operational efficiency.