OGDCL earns 81.081 billion in half year

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Islamabad: (Parliament Times) The Board of Directors of Oil & Gas Development Company Limited (OGDCL) in its meeting held at OGDCL Head Office Islamabad announced the financial results for the half year ended 31st December, 2016. The Company’s net sales revenue was registered as
Rs 81.081 billion and Profit after tax stood at Rs 30.008 billion translating into Earnings per share of Rs 6.98
The Board of Directors announced second interim cash dividend of Rs 1.00 per share (10%). The dividend will be paid to the shareholders whose names will appear in the Register of Members on Tuesday, March 14, 2017.
During the period under review, the Company paid Rs 10.494 billion on the account of Taxes. On the exploration and development side company recorded significant enhancement in Seismic efforts and drilling activities.
The Board of Directors appreciated the efforts of the management for ensuring production enhancement and undertaking record exploratory work during the period.

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