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OGDCL profits after tax increase to Rs 55.539 billion
RECORDER REPORT
Friday, 14 Aug, 2009 4:04 am
KARACHI : The profit after tax of Oil and Gas Development Company Limited (OGDCL) has increased to Rs 55.539 billion in the year ended June 30, 2009 (FY09) as compared to Rs 44.338 billion earned in FY08. The earning per share of the company surged to Rs 12.91 in the period under review against Rs 10.31 in the same period a year back.
The board of directors of the company in its meeting held on Thursday approved final cash dividend for the year at Rs 2.50 per share, ie 25 percent. This is in addition to interim dividend already paid at Rs 5.75 per share, ie 57.5 percent. According to the financial results, the company's net sales increased to Rs 130.829 billion in FY09 against Rs 125.908 billion in FY08.
On the other hand, the company paid Rs 15.155 billion as royalty in this period against Rs 17.320 billion a year back. The company's operating expenses increased to Rs 22.673 billion against Rs 19.613 billion while transportation charges increased to Rs 1.522 billion against Rs 1.472 billion. The company's profit before taxation surged to Rs 80.927 billion in FY09 as compared to Rs 78.307 billion in FY08.
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