The profit after tax of Pakistan National Shipping Corporation (PNSC) declined to Rs 967.824 million in the year ended June 30, 2010 (FY10) as compared to Rs 2,312.842 million earned in FY09. The company's earning per share declined to Rs 7.33 in the period under review against Rs 17.51 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 1.50 per share ie 15 percent. According to the financial results sent to Karachi Stock Exchange (KSE), the company's revenues declined to Rs 7.849 billion in FY10 against Rs 11.474 billion recorded in FY09. The company's expenditure declined to Rs 6.334 billion against Rs 8.411 billion. The company's profit before taxation stood at Rs 1.449 billion in FY10 against Rs 2.994 billion recorded in FY09.