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The profit after tax of BOC Pakistan Limited has declined to Rs 402.106 million in the year ended December 31, 2008 as compared to Rs 459.049 million earned in the corresponding period in 2007. The company's earning per share decreased to Rs 16.06 in the period under review against Rs 18.33 in the same period a year back.
The board of directors of the company in its meeting held here on Friday recommended a final cash dividend for the year at Rs 10 per share ie 100 percent. This is in addition to the interim dividend already paid at Rs 3.00 per share ie 30 percent.
According to the financial results, the company's net sales increased to Rs 2.453 billion in this period against Rs 2.174 billion in the same period in previous year. The cost of sales increased to Rs 1.617 billion against Rs 1.240 billion. The company's profit before tax declined to Rs 547.693 million in 2008 against Rs 682.370 million in 2007.

Copyright Business Recorder, 2009

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