Wednesday, September 20th, 2017
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The profit after tax of Pakistan Oilfields Limited (POL) has increased to Rs 9.678 billion in the year ended June 30, 2017 (FY17) as compared to Rs 7.233 billion earned in the same period in FY16. The company's earning per share increased to Rs 40.92 in the period under review against Rs 30.58 in the same period a year ago.

The board of directors of the company in its meeting on Monday at Dubai, UAE recommended a final cash dividend for the year at Rs 25.00 per share, ie 250 percent. This is in addition to interim dividend (s) already paid at Rs 15.00 per share, ie 150 percent.

According to financial results sent to Pakistan Stock Exchange, the company's sales increased to Rs 29.871 billion in FY17 against Rs 27.370 billion in FY16. The company paid Rs 2.590 billion as sales tax FY17 against Rs 2.522 billion paid in FY16. The company's operating cost reduced to Rs 8.383 billion against Rs 8.871 billion. The company's profit before tax increased to Rs 12.412 billion in FY17 against Rs 8.879 billion in FY16.

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