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OGDCL announces profit of Rs 90.938b

April 29, 2014

The Board of Directors of Oil & Gas Development Company Limited (OGDCL) in its meeting held on 28th April, 2014 at Islamabad announced the financial results for the nine months ended 31st March, 2014.

The Company's net sales revenue increased to Rs 190.362 billion compared to Rs 169.091 billion in the corresponding period of last year. Profit after tax stood at Rs 90.938 billion resulting into Earnings per share of Rs 21.14. The Board of Directors announced third interim cash dividend of Rs 2.25 per share (22.50%).

This is in addition to first and second interim cash dividend of Rs 4.00 per share (40%) already declared during the current financial year. The above entitlement will be paid to the shareholders whose name will appear in the Register of Members on Thursday, June 12,, 2014. The Share Transfer Books of the Company will be closed from Friday, June 13, 2014 to Friday, June 20, 2014 ( both days inclusive).

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Source: National Herald Tribune (Pakistan)

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