The profit after tax of Hascol Petroleum Limited has increased to Rs 790.607 million in the six month period ended June 30, 2017 as compared to Rs 612.027 million earned in the corresponding period in 2016. The company's earning per share increased to Rs 6.55 in the period under review against Rs 5.07 in the same period last year. The board of directors of the company in its meeting held on Wednesday recommended an interim cash dividend for the half year at Rs 3.50 per share ie 35 percent.

According to financial results sent to Pakistan Stock Exchange, the company's sales increased to Rs 94.552 billion in this period against Rs 59.260 billion in the same period last year while the cost of product sold increased to Rs 74.692 billion against Rs 41.197 billion. The company's profit before taxation increased to Rs 1,429.631 million in this period against Rs 985.885 million in the same period last year.

On quarterly basis, the company's profit after tax increased to Rs 413.881 million translating in to earning per share of Rs 3.43 in the three months period ended June 30, 2017 as compared to PAT of Rs 409.818 million with EPS of Rs 3.40 in the same period last year.

Copyright Business Recorder, 2017