Karachi October 10 2023: National Refinery Limited reported profit of PKR 3.2 billion for the first quarter ended September 30, 2023 compared with loss of PKR 4.4 billion in the quarter ended September 30, 2022, according to company filing to the exchange.
Company earned gross profit of PKR 7.3 billion in the first quarter when compared with gross profit of PKR 25 million in the previous quarter.
Finance cost of the company decreased to PKR 1.5 billion from PKR 5.3 billion in the same period last year.
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.