Earnings Report /

Pakistan Petroleum: 4QFY21 Review: Earnings beat on lower Opex and tax rate

  • PPL’s 4Q result has come in higher than expected thanks to lower Opex and ETR

  • Exploration expenses however were significantly higher

  • PPL needs circular debt resolution and a more aggressive drilling plan for better price discovery

Saad Ali
Saad Ali

Head of Research

Intermarket Securities
17 September 2021