OGDCL net sales revenue increased


Islamabad: (PR) The Board of Directors of Oil & Gas Development Company Limited (OGDCL) in its meeting held here on Friday announced the financial results for the Financial Year 2017-18 ended 30th June, 2018. The Company’s net sales revenue was registered as Rs 205.335 billion and Profit after tax stood at Rs 78.736 billion translating into Earnings per share of Rs 18.31.
The Board of Directors announced Final Cash Dividend for the year 2017-18
@ Rs 2.5 per share. The dividend will be paid to the shareholders whose names will appear in the Register of Members Wednesday, October 17, 2018
During the period under review, the Company paid Rs 33.890 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 significant exploratory work during the period.


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