The Board of Directors of Oil & Gas Development Company Limited (OGDCL) in its meeting, held on April 23, at OGDCL Head Office Islamabad announced the financial results for the nine months ended March 31. The Company's net sales revenue registered Rs 162.693 billion. Net profit after tax stood at Rs 68.006 billion translating into earnings per share of Rs 15.81. The Board of Directors announced third interim cash dividend of Rs 1.75 per share (17.5 percent). This is in addition to cumulative Interim dividends already paid at Rs 4.50 per share (45 percent).
The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on Monday, June 15, 2015. The Share Transfer Books of the Company will be closed from Tuesday, June 16, to Tuesday, June 23, (both days inclusive). Transfers received at the Share Registrar Department, Central Depository Company of Pakistan Limited, CDC House, 99-B, Block 'B' SMCHS, Main Shahrah-e-Faisal, Karachi-74400 at the close of business on June 15, 2015 will be treated in time for the purpose of above entitlement to the transferees.
Furthermore, during the period under review, the total tax paid by the Company registered at Rs 35.098 billion and the company witnessed a significant increase in exploratory and development activities during the nine months period ended March 31. The Board of Directors appreciated the efforts of the management for ensuring production enhancement and undertaking record exploratory work during the period.-PR