Islamabad: (PR) The Board of Directors of Oil & Gas Development Company Limited (OGDCL) in its 200th meeting held on 19th
February, 2018 at OGDCL Head Office Islamabad announced the
financial results for the second quarter ended 31st
December, 2017. The Company’s net sales revenue increased by 18% to Rs 95.960 billion compared to Rs 81.081 billion in the corresponding period of last year. Profit after tax stood at Rs 36.671 billion compared to Rs 30.008 billon in the same quarter. This translated into earnings per share of Rs 8.53.
The Board of Directors announced second interim cash dividend of Rs 3.00 per share (30%). The cash dividend will be paid to the shareholders whose names will appear in the
Register of Members on Tuesday, March 13, 2018.
During the period under review, the Company paid Rs 7.977 billion on the account of Taxes. On the exploration and development side, Company made significant progress in seismic and drilling activities. The Board of Directors appreciated the efforts of the management for ensuring production enhancement and significant exploratory work during the period.
