Pakistan Petroleum Limited (PPL) has posted Rs 35.678 billion as profit after tax in the year ended June 30, 2017 (FY17) as compared to Rs 17.242 billion earned in FY16. The company's earning per share increased to Rs 18.10 in the period under review against Rs 8.74 in the same period a year back.

The board of directors of the company in its meeting held on Friday approved and recommended final cash dividend for the year at Rs 6.00 per ordinary share ie 60 percent. According to the financial results sent to Pakistan Stock Exchange, the company's net sales increased to Rs 116.986 billion in FY17 against Rs 80.151 in FY16.

The company's operating expenses increased to Rs 31.246 billion against Rs 25.906 billion while royalties and other levies increased to Rs 21.257 billion against Rs 9.298 billion. The company's profit before taxation increased to Rs 48.128 billion in FY17 as compared to Rs 26.706 billion recorded in FY16.

Copyright Business Recorder, 2017