Pakistan's PPL Q1 net profit at 4.97 bln rupees

KARACHI, Nov 2 (Reuters) - State-run Pakistan Petroleum Ltd (PPL) (PPL.KA) on Monday reported a fall in net profit to 4.97 billion rupees ($59.3 million) in the quarter ended Sept. 30, in line with market expectations.

The company reported a net profit of 7.77 billion rupees in the same quarter last year.

PPL's sales for the first quarter of 2009/10 fiscal year was at 12.19 billion rupees compared with 15.80 billion rupees in the same period last year.

PPL shares were trading 1.52 percent lower at 171.90 rupees by 10:31 a.m. (0531 GMT) in a broader market that was down 0.17 percent.

($1 = 83.73 rupees) (Reporting by Sahar Ahmed; Editing by David Fox) (For more Reuters coverage of Afghanistan and Pakistan, see: here)