Earnings Report /
Pakistan

Pakistan State Oil: 1QFY22 review – Beats expectations on lower exchange losses and finance cost

  • PSO has posted record net profits for 1QFY22, thanks to significant inventory gains

  • The result is higher than expected because of lower exchange losses and finance cost than we estimated

  • We reiterate our Buy rating on the scrip with a TP of PKR316/sh

Saad Ali
Saad Ali

Head of Research

Intermarket Securities
28 October 2021