Earnings Report /

Pakistan Oilfields: FY22 review – FX gains help overcome super tax burden

  • POL announced highest ever earnings of PKR91.4/sh in FY22 as oil prices and PKR devaluation continued to bode well

  • High FX gains during the year kept the impact of super tax modest, also enabling a healthy payout of PKR50/sh

  • FY22’s low payout rate of 77% against c.95% historical average points at allocation towards exploration

Wajid Rizvi
Intermarket Securities
16 August 2022


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