OGDCL announces Rs 126.629 billion PAT

The Board of Directors of Oil & Gas Development Company Limited (OGDCL) in its meeting held at OGDCL Head Office Islamabad announced the financial results for the nine months ended 31st March, 2017. The Company's net sales revenue was registered as Rs 126.629 billion and Profit after tax stood at Rs 47.594 billion translating into Earnings per share of Rs 11.07.

The Board of Directors announced third interim cash dividend of Rs 1.50 per share (15%). The dividend will be paid to the shareholders whose names will appear in the Register of Members on Thursday, June 15, 2017. During the period under review, the Company paid Rs 16.924 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  undertaking record recordratory work during the period.-PR