Karachi October 18 2023: Pakistan Refinery Limited (PRL) profit surged 4.5 times in first quarter of fiscal year 2024 as company’s margins increased to PKR 8.9 billion compared to PKR 1.6 billion last year, according to company filing to the exchange.
This is the second highest quarterly profit post by the company in its history following the Q4 fiscal year 2022 when it recorded a profit of PKR 7.2 billion.
In Q1 of fiscal year 2024, the company reported a profit of PKR 4.5 billion, a significant increase from the PKR 1.0 billion earned in the same period the previous year. Additionally, financial charges for the company saw a substantial 42 percent increase during the quarter.
