Islamabad: (Parliament Times) The Board of Directors of Oil & Gas Development Company Limited (OGDCL) in its meeting held on 25th October, 2018 at, Islamabad announced the financial results for the first quarter ended 30th September, 2018. The Company’s net sales revenue was registered as Rs 61.799 billion and Profit after tax stood at Rs 26.734 billion translating into Earnings per share of Rs 6.22.
The Board of Directors announced first interim cash dividend for the year 2018-19
@ Rs 2.75 per share. The dividend will be paid to the shareholders whose names will appear in the Register of Members Wednesday, December 12, 2018.
During the period under review, the Company paid Rs 12.628 billion on 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
