Earnings Report /
Pakistan

Attock Petroleum: 4QFY21 review – exceeds estimates on lower inventory losses and a one-off item

  • APL’s 4Q earnings exceeded our estimate by a wide margin…

  • …due to lower-than-expected inventory losses and a one-off impairment reversal

  • It also announced a handsome final dividend of PKR24.5/sh. Reiterate Buy rating

Saad Ali
Saad Ali

Head of Research

Intermarket Securities
11 August 2021