The Board of Directors of Oil & Gas Development Company Limited (OGDCL) in a meeting held on 26th April, 2019 at Islamabad, announced the financial results for the third quarter ended 31st March, 2019. The Company's net sales revenue increased to Rs 192.047 billion compared to Rs 147.712 billion (in the nine months ended 31st March, 2019) corresponding period of last year. Profit after tax stood at Rs 85.312 billion compared to Rs 56.821 billon in the same period of previous year. This translated into earnings per share of Rs 19.84.
The Board of Directors announced second interim cash dividend of Rs 2.75 per share (27.5pc). The cash dividend will be paid to the shareholders whose names will appear in the Register of Members on Monday, June 11, 2019. During the period under review, the Company paid Rs 42.681 billion on account of Taxes. On the exploration and development side, Company made significant progress in seismic and drilling activities. The Board of Directors appreciated the efforts of the management for ensuring production enhancement and significant exploratory work during the period.-PR
Comments
Comments are closed.