Pakistan Refinery Limited has posted Rs 2,110.744 million as profit after tax in the year ended June 30, 2008 as compared to Rs 250.814 million earned in the corresponding period last year. The company's earning per share surged to Rs 60.31 in the period under review against Rs 7.17 in the same period last year.
The board of directors of the company at its meeting held here on Thursday recommended a cash dividend for the year at Rs 1.4285 per share ie 14.285 percent. This is in addition to the interim bonus shares already issued at 16.67 percent ie one share for every six shares held. According to the financial results, the company's sales increased to Rs 95.564 billion in this period against Rs 57.404 billion in the same period last year.
On the other hand, the cost of sales increased to Rs 91.232 billion in this period against Rs 56.628 billion in the same period last year. The profit before tax of Pakistan Refinery increased to Rs 3,254.618 million in this period against Rs 504.265 million in the same period last year.
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