Profit after tax of MGCL increases to Rs 1663.247 million

The profit after tax of Mari Gas Company Limited (MGCL) has increased to Rs 1663.247 million in the half year period ended December 31, 2008 as compared to Rs 551.898 million earned in the corresponding period in 2007. The board of directors of the company in its meeting recommended a cash dividend at Rs 2.217 per share, ie 22.17 percent.
According to the financial results, the company's gross sales to consumers increased to Rs 13.276 billion in the period under review against Rs 10.622 billion in the same period a year back. The company's profit before tax was recorded at Rs 1,647.639 million in this period against Rs 1,272.866 million in the same period in 2007.