External broker reports(aggregated public sources), Topline Securities

Topline Securities

Topline Securities is one of the fastest growing brokerage houses in Pakistan. It has strong equity brokerage, economic / equity research, mutual fund distribution, commodity trading and corporate finance & advisory functions. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>Pakistan Oilfields (POL) reported 195% QoQ jump in its earnings to Rs26.7/share, taking 1HFY25 earning to Rs35.7/share, down 42% YoY. Earnings were in line with the market expectations.</li><li>Earnings increased on QoQ basis due to 92% decline in exploration cost to Rs626mn due as company encountered a dry well in last quarter (1Q).</li><li>On YoY basis, earnings fell 4% YoY due to 15% decline in crude oil prices and production curtailments, we believe.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Pakistan Oilfields (POL) reported 195% QoQ jump in its earnings to Rs26.7/share, taking 1HFY25 earning to Rs35.7/share, down 42% YoY. Earnings were in line with the market expectations.Earnings increased on QoQ basis due to 92% decline in exploration cost to Rs626mn due as company encountered a dry well in last quarter (1Q).On YoY basis, earnings fell 4% YoY due to 15% decline in crude oil prices and production curtailments, we believe.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pakistan Oilfields (POL): 2QFY25 EPS at Rs26.68 down 4% YoY (Earnings in line with expectations)