The Pakistan Petroleum Limited (PPL) has announced an interim cash dividend of 25 percent per share. According to the financial results announced by the company for the half year ended December 31, 2004, the company has approved the payment of an interim dividend at the rate of Rs 2.5 per share ending June 30, 2005.

The company posted Rs 4.056 billion net profit for first half of the current fiscal year, translating into basic earning per share of Rs 5.91 per share as compared to Rs 2.751 billion profit for the same corresponding period of the previous year, showing an increase of 47 percent.

Whereas the sales volume of the company during the period increased to Rs 10.731 billion as against Rs 7.694 billion of the first half of the previous year.

Copyright Business Recorder, 2005