Page 119 - Pakistan Oilfield Limited - Annual Report 2022

117
Annual Report 2022

3 Quarter 4 Quarter

Net sales Net sales

increased by 5.6 % to Rs 13,315 million as compared to increased by 12.2% to Rs 14,943 million as compared to
second quarter due increase in prices during the period. third quarter due to increase in prices.

Sales volumes Sales volumes

of Crude Oil, Gas and POLGAS decreased by 7.1%, 5.3% of Crude Oil/Gas and POLGAS decreased by 5.6%, 1.8%
and 0.2% respectively as compared to second quarter. and 6.2% respectively as compared to third quarter.

Cost of sales Cost of sales

increased by 7.2% to Rs 4,416 million as compared to increased by 24.6% to Rs 5,501 million as compared to
second quarter mainly because of higher operating cost third quarter mainly because of higher operating costs
during the period. and royalty during the period.

Gross profit Gross profit
increased by 4.8% to Rs 8,899 million as compared to increased by 6.1% to Rs 9,443 million as compared to third
second quarter due to higher sales during the period. quarter due to higher sales during the period.

Exploration costs Exploration costs
increased by 17.6% to Rs 127 million as compared to increased by 50.4% to Rs 191 million as compared to third
second quarter. quarter.

Finance costs Finance costs
decreased by 15.7% to Rs 788 million as compared to increased by 200% to Rs 2,364 million as compared to
second quarter due to less depreciation of Rupees third quarter due to higher depreciation of rupees against
against US $ during the period. US $ during the quarter.

Other income Other income
increased by 3.5% to of Rs 2,088 million as compared to increased by 134.2% to Rs 4,891 million as compared to
second quarter mainly because of higher exchange gain third quarter mainly because of higher exchange gain on
on foreign currency bank balances. foreign currency bank balances.

Profit after tax Profit after tax
increased by 16% to Rs 6,573 million as compared to second increased by 28.4% to Rs 8,439 million as compared to
quarter due to higher sales and lower finance cost. third quarter due to higher sales and other income as
compared to last quarter.
Earnings per share (EPS)
Earnings per share (EPS)
increased by 16% to Rs 23.16 as compared to second
quarter. increased by 28.4% to Rs 29.73 as compared to third
quarter.