One of Pakistan’s best oil and petroleum seller company Hascol Petroleum has posted their profits for the year 2017, and it looks quite promising. According to the notice, which the company sent to Pakistan Stock Exchange, it earned PKR 1.32 billion in profit, which has gone up by 10 percent compared to its preceding year. As for the profits in 2016 are considered, the company gained PKR 1.20 billion.
The sales of the company surged to 75 percent, and the Earnings per share also soared to PKR 10.69 as well. The company’s profit rose due to excessive demand and sales. Moreover, it is worth mentioning here that the government of Pakistan, after increasing the prices of petroleum products three times this year, finally reduced the rates in April 2018.
Hascol Petroleum is very vigilant and comments on almost every issue related to oil companies. It was the first company which asked the government to revise and upgrade petrol specification to protect the environment and health of the public after Honda’s complaint against some oil companies which were selling gasoline containing a dangerous level of manganese.
Aside from Hascol, Toyota IMC and Ghandhara has also posted their net profits. Ghandhara Nissan’s net profit has gone up by 82.19 percent in the last quarter, while IMC has managed to increase its net gain up to 23 percent.
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