Page 30 - Condensed Interim Financial Statements - for the nine months ended March 31, 2024

Condensed Interim Consolidated Statement of Profit or Loss (Unaudited)
For the nine months ended March 31, 2024

Three months ended Nine months ended

Note Mar. 31, 2024 Mar. 31, 2023 Mar. 31, 2024 Mar. 31, 2023
Rupees ('000)
SALES 18,272,209 17,685,021 56,035,254 50,755,671
Sales tax (1,493,387) (1,337,939) (4,365,306) (3,625,835)
Excise duty (55,337) (56,213) (165,030) (169,775)
NET SALES 20 16,723,485 16,290,869 51,504,918 46,960,061

Operating costs 21 (2,990,686) (3,172,320) (9,894,184) (8,989,584)
Royalty (1,819,589) (1,807,103) (5,722,419) (5,138,519)
Amortisation of development &
decommissioning costs 22 (162,582) (782,959) (384,198) (2,289,325)
(4,972,857) (5,762,382) (16,000,801) (16,417,428)
GROSS PROFIT 11,750,628 10,528,487 35,504,117 30,542,633
Exploration costs 23 (312,942) (849,580) (1,446,431) (6,329,302)
11,437,686 9,678,907 34,057,686 24,213,331
Administration expenses (104,036) (88,638) (315,862) (285,168)
Finance costs - net 24 (666,376) (5,435,979) (2,267,150) (7,785,323)
Other charges 25 (923,835) (505,084) (2,745,088) (1,662,111)
(1,694,247) (6,029,701) (5,328,100) (9,732,602)
9,743,439 3,649,206 28,729,586 14,480,729
Other income - net 26 3,898,639 14,212,212 11,551,579 22,450,579
13,642,078 17,861,418 40,281,165 36,931,308
Share in profits of associated
companies - net of impairment loss 212,786 304,091 766,530 996,567
PROFIT BEFORE TAXATION 13,854,864 18,165,509 41,047,695 37,927,875
Provision for taxation 27 (1,384,170) (1,758,251) (10,655,870) (6,998,228)
PROFIT FOR THE PERIOD 12,470,694 16,407,258 30,391,825 30,929,647

Attributable to:
Owners of Pakistan Oilfields Limited (POL) 12,458,363 16,396,062 30,358,620 30,904,215
Non - controlling interests 12,331 11,196 33,205 25,432
12,470,694 16,407,258 30,391,825 30,929,647
Earnings per share attributable to owners
of POL - Basic and diluted (Rupees) 43.89 57.76 106.95 108.87

The annexed notes 1 to 30 form an integral part of these condensed interim financial statements.

Khalid Nafees Shuaib A. Malik Abdus Sattar
CFO Chief Executive Director
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