Wednesday, 28 August 2013

Karachi Stock Exchange: PSO – FY 13 Results Preview

PSO is scheduled to announce its annual results for FY13 shortly today. We anticipate the OMC to post a PAT of PKR 48.60/share for FY13 and PKR 10.88/share for the final quarter. Furthermore, we expect a final payout of PKR 7.50/share bringing gross payout to PKR 10/share. Although inventory loss owing to decline in MS and diesel prices would subdue gross margin but lower exchange losses and financial charges in 4Q would offset the adverse effect.

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