Earnings Report /
Pakistan

Attock Petroleum: 1QFY22 review – Great results thanks to rising oil prices; beats our estimate

  • APL has posted a big jump in earnings 1QFY22 results

  • This is largely due to healthy volumes and significant inventory gains, as expected (likely to recur in 2Q results)

  • We have a Buy rating of APL based on a Jun 2022 TP of PKR470/sh

Saad Ali
Saad Ali

Head of Research

Intermarket Securities
21 October 2021