Categorie: IPO / Secondary Offering
Submitted 4 months ago by
Xpertwriter
, CEO At E-HostingJunction.com
at Spectrum Resumes , Inc
Recent results, (3Q'08) The volatile petroleum prices and refining margins took a downturn in early January and continued at the end of February 2008. The price trend of crude and its products, globally took another upturn as crude prices touched all time high in March 2008 and breaching the psychological barrier of US $110/bbl. Refining margins also became healthier at the end of the third quarter.The PRL earned a post tax profit of Rs 1,413 million during the nine months ended March 31, 2008 compared with a loss of Rs 407 million for the same period last year. There was a growth of approximately 10% in POL sales during the nine months period as compared to the corresponding period last year. The increasing demand of power, industrial consumption and transportation powered this growth.The refinery operated at a capacity of 6,027 MT/day vs 5,728 MT/day from the corresponding period. During the nine months ended March 31, 2008, the overall sales volume increased by 19% from the same period last year.The refinery sector as a whole, enjoyed increased profitability due to rising GRMs The increase in profitability has impressive because of the international price increases. Pakistan has five refineries with a total refining capacity of less than 270,000 bbl/d or 13.5 million tons per year.The consumption of oil products is highly skewed, with nearly 85% in form of high-speed diesel (HSD) and fuel oil (FO)....
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Submitted 4 months ago by
Xpertwriter
, CEO At E-HostingJunction.com
at Spectrum Resumes , Inc
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