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1QFY27: E&P sector records 43pc surge in earnings YoY
KARACHI: Pakistan’s listed oil and gas exploration and production (E&P) sector reported earnings of Rs113.4 billion in the first quarter of FY27, up 43 percent year-on-year (YoY), primarily driven by higher international oil and gas prices, according to a report by Topline Research. However, sector earnings declined 47 percent quarter-on-quarter (QoQ), reflecting lower oil prices and the impact of a tax reversal recorded in the preceding quarter. Net sales increased 32 percent YoY to Rs279.1 billion in 1QFY27, but fell 9 percent QoQ. Topline Research attributed the annual growth mainly to ...
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