β‘ Flash Summary
Attock Petroleum Limited (APL) held its 30th Annual General Meeting on October 27, 2025, where shareholders approved and adopted the audited financial statements for the year ended June 30, 2025. The company declared a final cash dividend of 130%, amounting to Rs. 13.00 per share, in addition to an interim dividend of 125% (Rs. 12.50 per share), resulting in a total dividend of 255% or Rs. 25.50 per share for the fiscal year. Additionally, A. F. Ferguson & Co. Chartered Accountants were re-appointed as auditors for the next fiscal year (2025-26). These resolutions indicate a positive financial performance and shareholder confidence.
π Key Takeaways
- β Audited financial statements for the year ended June 30, 2025, were approved.
- π° Final cash dividend of 130% (Rs. 13.00 per share) was declared.
- π Total dividend for FY2025 amounts to 255% (Rs. 25.50 per share).
- π§βπΌ A. F. Ferguson & Co. re-appointed as auditors for FY2025-26.
- ποΈ The 30th Annual General Meeting took place on October 27, 2025.
- β All resolutions were duly passed at the meeting.
- π Board of Directors’ recommendations were approved.
- π¦ Dividends will be paid to eligible shareholders.
- π Resolutions were adopted in accordance with Pakistan Stock Exchange regulations.
- π The company has consistently provided dividends to shareholders.
- π€ Re-appointment of auditors signifies stability and compliance.
- π Approval and adoption of financial statements show transparency.
- π The company maintains a strong financial position.
π― Investment Thesis
Based on the positive news of the substantial dividend payout and the re-appointment of auditors, I recommend a HOLD position for Attock Petroleum Limited. The high dividend yield makes it attractive for income investors, but further analysis is needed to assess the sustainability of these dividends and the overall financial health of the company. A price target cannot be accurately assessed without additional financial data and market analysis. The time horizon is MEDIUM_TERM, pending further information.
Disclaimer: AI-generated analysis. Not financial advice.