The profit after tax of Pakistan Oilfields Limited (POL) increased to Rs 1.703 billion in the quarter ended March 31, 2008 as compared to Rs 1.411 billion earned in the corresponding period in 2007.
The board of directors of the company in its meeting held on Tuesday declared that the company's earning per share surged to Rs 8.64 in the period under review against Rs 7.16 in the same period a year back.
According to the results, the company's sales increased to Rs 4.495 billion in this period against Rs 4.096 billion in the same period in previous year. The company paid Rs 266.844 million as sales tax in this quarter against Rs 517.474 million paid in the same account for the same period in previous year. The company's profit before tax stood at Rs 2.289 billion in this quarter against Rs 1.777 billion in the same quarter in 2007.