PSO earnings decline 64 percent
Karachi, April 22, 2019: Pakistan State Oil (PSO) posted 64 percent YoY decline in its third quarter of this fiscal year (3QFY19) earnings, below our expectations due to inventory loss of around Rs200 million during the outgoing quarter (vs. inventory gain of R1.7bn in 3QFY18) and lower penal income. The company recorded loss of around…