The profit after tax (PAT) of Pakistan Petroleum Limited (PPL) has increased to Rs 13.775 billion in the first half of FY09 as compared to Rs 9.295 billion earned in the corresponding period in FY08. The board of directors of the company, at its meeting held here on Monday declared the earning per share of Rs 16.60 in the period under review against Rs 11.20 in the same period last year.
According to the financial results, the company''s net sales surged to Rs 29.604 billion in this period against Rs 21.166 billion in the same period a year back. The company''s field expenditure stood at Rs 5.775 billion against Rs 5.328 billion while the company paid Rs 3.610 billion as royalties against Rs 2.542 billion paid in this account last year.
The other operating income of the company increased to Rs 2.275 billion in the six month period this year against Rs 1.193 billion in the same period a year back. The company''s profit before tax surged to Rs 20.929 billion in the first half of FY09 against Rs 13.492 billion in the same period in FY08.