Karachi: Pakistan State Oil (PSO) and Attock Petroleum Limited (APL) are set to release their fourth quarter financial results for FY24. PSO is anticipated to post a loss after tax of PkR1.55 billion, with a loss per share of PkR3.30, primarily due to significant inventory losses and falling refinery prices. In contrast, APL is expected to show a profit after tax of PkR1.89 billion, with an earnings per share of PkR15.2, despite a decline from previous quarters.

According to AKD Securities Limited, PSO’s revenue for the quarter is projected at PkR906 billion, marking a 7% increase quarter-over-quarter and a 4% increase year-over-year. The company’s total petroleum off-takes rose to 1.87 million tons. The revenue from the re-gasified liquefied natural gas (RLNG) segment is expected to be PkR286 billion, up 13% quarter-over-quarter and 12% year-over-year, with average prices at US$10.15 per mmbtu. PSO is also anticipated to announce a final cash dividend of PkR5.00 per share.

For APL, the expected revenue stands at PkR126.7 billion, showing a modest increase from the previous quarter and year. The company’s gross margins are predicted to end the quarter at 1.8%, reflecting the challenging pricing environment. APL plans to declare a final dividend of PkR20 per share, resulting in a total annual payout of PkR30 per share.

Both companies have faced market challenges, including volatile refinery prices and fluctuating demand, which have impacted their quarterly financial outcomes.