Pakistan State Oil provided earnings guidance for the year 2017. For the year, the company expects to post EPS of PKR 16.41 (-21% year on year) during the quarter after incorporating imposition of 3% Super Tax. On a sequential basis, earnings are likely to post increase of 8% quarter on quarter mainly on the back of increase in volumetric offtake. Earnings to clock-in at PKR 68.52/share (up by a whopping 81% YoY) mainly due to (1) 7% increase in POL sales volume of PSO and (2) inventory gains.