ISLAMABAD: The Board of Directors of Oil & Gas Development Company Limited (OGDCL) in its meeting held on Wednesday at OGDCL Head Office, Islamabad announced the financial results for the half quarter ended 31st December, 2021 of fiscal year 2022-23. Net sales revenue clocked at Rs 151.163 billion translating to profit after tax of Rs 68.882 billion and earnings per share of Rs 16.02.
The Board of Directors announced an interim cash dividend for the quarter ended December 31, 2021 @ Rs. 2.00 per share i.e. 20 percent. This is in addition to interim dividend already paid @ Rs.1.75 per share i.e. 17.50 percent to its shareholders. The dividend will be paid to the shareholders whose names will appear in the Register of Members on March 08, 2022.
During the period under review, the company paid Rs 36.288 billion on account of taxation. On the exploration and development side company recorded significant enhancement in seismic efforts and drilling activities.
The Board of Directors appreciated the efforts of the management for taking effective steps for the implementation of company’s aggressive exploration programme.
Copyright Business Recorder, 2022
Comments
Comments are closed.