Pakistan Refinery (PRL) held its corporate briefing session on Friday to discuss FY24 financial results and provide insights on the future outlook. Key takeaways are as follows:

Company posted topline of PKR306 billion in FY24 as compared to PKR262 billion in FY23, up 17%YoY, led by volumetric growth.

Earnings for the year came to PKR4.1 billion (EPS: PKR6.45) as compared to PKR1.8 billion (EPS: PKR2.90) for the same period last year.

Total HSD production for the year was reported at 660,180 tons, with the highest average daily production recorded at 2,013 tons.

MS-92 also saw growth in output, with an annual production of 265,710 tons and a peak average daily production of 830 tons.

MS-95 production totaled 16,005 tons, of which 1,940 tons were EURO-V compliant.

Management stated, that crude intake is continuously........

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