Karachi April 25 2024: National Refinery Limited reported loss of PKR 7.5 billion for the period from July to March 2024 compared to loss of PKR 6.0 billion in the same period last year, according to company filing to the exchange.
Company reported gross loss of PKR 3.2 billion compared to gross profit of PKR 7.9 billion reported last year.
Finance cost of the company cut to PKR 6.0 billion from July to March 2024 in comparison to finance cost of PKR 14.0 billion registered from July to March 2023.
National Refinery Limited was incorporated in Pakistan on August 19, 1963 as a public limited company. The Company is engaged in the manufacturing, production and sale of a large range of petroleum products. The refinery complex of the Company comprises of three refineries, consisting of two lube refineries, and a fuel refinery added to the complex. The company has also commissioned Diesel Hydro De-sulphurisation (DHDS) and Isomerisation (ISOM) units during the financial years 2017 and 2018 respectively.
