The profit after tax of Pakistan Petroleum Limited (PPL) increased to Rs 20.113 billion in the half year ended on December 31, 2011 as compared to Rs 16.618 billion earned in the corresponding period in 2010. The company's earning per share (basic and diluted) increased to Rs 15.30 in the period under review against Rs 12.64 in the same period a year back.
The board of directors of the company in its meeting held here on Wednesday approved payment of an interim dividend for the year ending June 30, 2012 at Rs 5.00 per share ie 50 percent, on fully paid ordinary share capital and Rs 3.00 per share ie 30 percent on fully paid convertible preference share capital.
According to the financial results sent to Karachi Stock Exchange, the company's net sales increased to Rs 45.256 billion in the half year period ended December 31, 2011 against Rs 37.415 billion in the same period in 2010. The company's field expenditures increased to Rs 12.167 billion against Rs 9.978 billion while royalties increased to Rs 5.386 billion against Rs 4.433 billion.
The company's profit before taxation increased to Rs 28.936 billion in the half year period ended December 31, 2011 against Rs 23.109 billion in the same period a year back. On quarterly basis, the company's profit after taxation increased to Rs 10.226 billion translating earning per share of Rs 7.78 in the quarter ended December 31, 2011 against after tax profit of Rs 8.828 billion with per share earning of Rs 6.72 in the same period a year back.