Karachi: Attock Petroleum Ltd (APL) announced its financial results for the second quarter of fiscal year 2026, revealing a net profit after tax of PKR 2.6 billion, or PKR 21.0 per share. This marked a 5% decline compared to the same period last year and a 32% decline from the previous quarter. Despite the drop in profits, the company declared a half-yearly cash payout of PKR 20 per share, a notable increase from the PKR 12.5 per share payout during the same period last year.
According to AKD Securities Limited, the company's net sales for the quarter reached PKR 123 billion, a 3% increase year-over-year, driven largely by higher fuel prices compared to the same period last year. However, the company's offtakes—total volume of products sold—were reported at 327,000 tons for the quarter, representing an 8% decrease year-over-year, although there was a 3% recovery from the previous quarter.
The financial results were largely in line with expectations, as the company continues to navigate the challenges posed by fluctuating fuel prices and market conditions. Despite the decrease in quarterly profits, the increased cash payout reflects the company's strategic decision to reward shareholders amidst a challenging economic environment.
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