The profit after tax of Oil and Gas Development Company Limited (OGDCL) has increased to Rs 49.613 billion in the year ended June 30, 2008 as compared to Rs 45.629 billion earned in the corresponding period last year. The company's earning per share surged to Rs 11.54 in the period under review against Rs 10.61 in the same period last year.
The board of directors of the company at its meeting held on Wednesday approved final cash dividend for the year at Rs 3.50 per share ie 35 percent. This is in addition to the three interim dividends amounting to Rs 6.00 per share ie 60 percent already declared during the financial year.
According to the financial results, the company's net sales surged to Rs 125.445 billion in this period against Rs 100.261 billion in the same period last year. The company paid Rs 17.262 billion as royalty in this period against Rs 10.877 billion paid in the same period last year. The company's operating expenses stood at Rs 18.882 billion against Rs 18.497 billion while the transportation expenses increased to Rs 1.472 billion against Rs 1.0462 billion.
The company's other incomes increased to Rs 8.308 billion in this period against Rs 3.615 billion in the same period last year. The profit before tax of the company was recorded at Rs 83.360 billion in this period against Rs 61.058 billion in the same period last year.
Comments
Comments are closed.