Karachi February 3 2025: Pakistan Refinery Profit dropped 83 percent in 2Q to PKR 337 million from PKR 2,029 million in the same quarter last year due to lower gross refinery margins.
Refinery gross margins dropped to PKR 2,067 million in the second quarter from PKR 4,567 million a year ago.
Finance cost remained unchanged while other income dropped too during the quarter.
Pakistan Refinery Limited was incorporated in Pakistan as a public limited company in May 1960. The company is engaged in the production and sale of petroleum products. The Company is a subsidiary of Pakistan State Oil Company Limited (PSO).