ISLAMABAD - Oil & Gas Development Company Limited (OGDCL) profit after tax stood at Rs36.671 billion, during second quarter ended 31st December, 2017.
According the spokesman for the company the net sales revenue increased by 18percent to Rs95.960 billion compared to Rs81.081 billion in the corresponding period of last year.
The Board of Directors of Oil & Gas Development Company Limited (OGDCL) in its 200th meeting held here Monday announced the financial results for the second quarter ended 31st December, 2017.
The company's net sales revenue increased by 18 percent to Rs95.960 billion compared to Rs81.081 billion in the corresponding period of last year. Profit after tax stood at Rs36.671 billion compared to Rs30.008 billon in the same quarter. This translated into earnings per share of Rs8.53.
The Board of Directors announced second interim cash dividend of Rs3.00 per share (30 percent).
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 Rs7.977 billion on the account of taxes.
On the exploration and development side, the 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.