ISLAMABAD  - Oil and Gas Development Company Limited (OGDCL) net sale in the year 2007-08 is Rs. 125,445,674 while the last year sale was Rs. 100,261,191.The company earned the net profit after taxation is Rs. 49,613,593 against the pervious year profit Rs. 45,629,964. A meeting of Board of Directors of OGDC was held at OGDCL office on Wednesday to consider the final financial results for the year ended June 30, 2008. Arshad Nasar, Chairman of the Board of Directors has presided over the meeting. Zahid Hussain MD & CEO along with other Directors of the Board attended the meeting. The Board of Directors have announced the profit cash dividend for year 2007-08. The Board of Directors has approved "The Scheme of Arrangement "for the merger/amalgamation of Pirkoh Gas Company (Private) Limited with Oil and Gas Development Company Limited and members of the said companies subject to necessary corporate and regulatory approvals. It was decided that @ Rs. 3.50 per share i.e. 35 percent (Rupee three and paisa fifty only per share) will be considered as agreed per share dividend. This is in addition to the three interim dividends, amounting to Rs. 6.00 per share i.e. 60% already declared during the financial year. The above entitlement will be paid to the shareholders whose names will appear in the Registrar of members on Monday, September 22, 2008. The share Transfer Books of the Company will be closed from Tuesday, September 23, 2008 to Monday, September 29, 2008 (both days inclusive). The Board of Directors also expressed their satisfaction on the improve financial and technical achievements of the company for this year.