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APL firmly committed to provide quality and environment-friendly petroleum products

Company posts 14pc rise in net sales in first nine months of this fiscal

In Pakistan, Attock Petroleum Limited (APL) is the only oil marketing company, belonging to a fully vertically integrated group covering all aspects of the Oil & Gas sector of Pakistan; from exploration, production and refining to marketing of a wide range of petroleum products. APL has managed to organize its presence and reputation as a progressive and dynamic organization, focused on offering quality petroleum products and services in the country and abroad.

APL is continuously enlarging and its market share and customer confidence is rising steadily. Sustaining a two-fold role in the oil market by meeting the unique demands of the region and at the same time catering effectively to the requirements of a foreign clientele, the management has efficiently penetrated the market and is fruitfully competing with well-organized oil marketing firms. Currently, with an extensive storage, transportation and retail outlet network, the company is committed to contribute to the nation’s development by supplying quality products and services are beyond the expectations of their clients and other stakeholders. APL is also developing a network of modern petrol pumps, particularly catering to far-flung regions of the country, and is considerably contributing to the development and expansion of the petroleum sector by developing state-of-the-art infrastructure for storage, handling and delivery of petroleum products to domestic and international markets.

FINANCIAL PERFORMANCE OF APL
Details
Value
2016
2015
2014
2013
Sales volumes
Metric Tons
2,034,818
2,368,990
2,190,293
1,837,357
Net sales
Rs thousand
109,234,361
171,729,782
205,162,911
164,710,177
Gross profit
Rs thousand
5,749,061
4,926,509
5,942,294
5,176,801
Operating profit
Rs thousand
4,984,849
3,885,822
5,381,469
4,873,355
Profit before tax
Rs thousand
5,633,450
4,537,855
5,906,565
5,593,404
Profit after tax
Rs thousand
3,828,585
3,286,384
4,326,764
3,906,534
Profit before, interest, tax, depreciation and amortization (EBITDA)
Rs thousand
5,951,622
4,828,902
6,228,433
5,817,731

APL has also penetrated in the oil export business and, in spite of tough competition from other regional and worldwide players, is in line with the government’s strategy to take maximum advantage of the country’s foreign exchange and human resources and its strategic geographical location.

No doubt, the management is determined to take the company on the path of continuous progression and consistent attempts shall lead to sustainable business growth. New avenues are continuously explored and to offer the unmatched premium quality products to clientele.

APL is keenly focusing on its supply chain cycle. Import of regular cargoes of petroleum products and enhancement in infrastructure counting development of new terminals and rise in storage capacities at the existing ones are part of APL’s strategic plan to follow its vision of becoming a world class oil marketing firm.

The increased demand of products is also being met by effective supply chain management and the company is motivated to cater to the unique requirements of prestigious customers.

During the nine months period ended March 31, 2017, APL marked a rise of 14 percent in net sales revenue by earning Rs96,174 million as against to Rs84,315 million earned during corresponding period last year. This increase has been made possible because of a rise of 8 percent in the sales volume which has been attained due to effective marketing policy and efficient utilization of available resources. Further, the management made a reversal of provision of other charges in accordance with the decision of the Supreme Court whereby the amendments in Workers Welfare Fund Ordinance 1971 through Finance Acts 2006 and 2008 have been declared unconstitutional.

Resultantly, APL earned profit after tax (PAT) of Rs4,359 million which reflects an important rise of 83 percent translating into earnings per share (EPS) of Rs52.56. Experts believed that the stability of oil prices coupled with favorable business environment offers many opportunities for the Company to grow, enlarge and generate sustainable returns. Focus on infrastructure, being the back bone of oil marketing business, remains of utmost importance to the management and hence considerable investments are being made to fortify the supply chain cycle.

The management is also committed to organize strong footing in the market by further strengthening the brand and many marketing tools are being used to attain this objective. APL is proud to be synonymous with a future-oriented outlook, and offer technologically advanced products and services that set the standard in precision and quality. Offering a broad spectrum of petroleum products and having over 350 retail outlets.

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