The profit after-tax of Pakistan State Oil Company (PSO) rose to Rs 5.639 billion in the quarter ended December 31, 2016 as compared to Rs 3.473 billion earned in the corresponding quarter in 2015. The board of directors of the company in its meeting here on February 04, 2017 declared that the company's earning per share increased to Rs 20.75 in the period under review against Rs 12.78 in the same period a year back.

According to the financial results sent to Pakistan Stock Exchange on February 06, 2017, the company's gross sales increased to Rs 276.404 billion in this quarter against Rs 227.088 billion in the same quarter a year back while net sale after payment of sales tax and IFEM increased to Rs 217.835 billion against Rs 168.684 billion.

The company's profit before taxation increased to Rs 8.175 billion in the second quarter of FY17 against Rs 4.877 billion in the same quarter in FY16. On half year basis, the company's profit after increased to Rs 10.015 billion translating into earning per share of Rs 36.86 in the 6-month period ended December 31, 2016 as compared to PAT of Rs 6.725 billion with EPS of Rs 24.76 in the same period in 2015.

Copyright Business Recorder, 2017