Pakistan Petroleum Limited announced its financial result for FY13 today along with a final cash payout of Rs. 5.50/share, consolidating a total FY13 payout of Rs. 10.50/share. Furthermore, company announced 20% bonus shares.
PPL reported a PAT of Rs. 41.95bn growing 3% YoY translating into EPS of Rs. 25.53 which is far below consensus estimates. Lower earnings mainly comes from lower reported revenues attributed to decline in gas production and higher field expenditure on the back of aggressive exploration activities during 4QFY13. Key financials are tabulated below.
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