ISLAMABAD: The Board of Directors of Oil and Gas Development Company Limited (OGDCL) announced on Tuesday that net sales revenue clocked at Rs235.375 billion translating to profit after tax of Rs123.296 billion and earnings per share of Rs28.67 during the half fiscal year ended on December 31, 2023, of the current fiscal year 2023-24.

The Board of Directors announced an interim cash dividend for the quarter ended December 31, 2023, @ Rs2.50 per share i.e. 25 percent. This is in addition to the interim dividend already paid @ Rs1.60 per share i.e. 16 percent to its shareholders. The dividend will be paid to the shareholders whose names will appear in the Register of Members on March 11, 2024.

During the period under review, the company paid Rs35.019 billion on account of taxation. On the exploration and development side, the company recorded a significant enhancement in seismic efforts and drilling activities.

The Share Transfer Books of the Company will be closed from March 12, 2024, to March 14, 2024 (both days inclusive). Transfers received at the CDC Share Registrar Services Limited, CDC House, 99-B, Block “B”, SMCHS, Main Shahrah-e-Faisal, Karachi 74400 at the close of business on March 11, 2024, will be treated in time for the purpose of above entitlement to the transferees.

The Board of Directors appreciated the efforts of the management for taking effective steps for the implementation of the company’s aggressive exploration program.

Copyright Business Recorder, 2024