The Plimsoll report analyzed 330 large companies in oil and gas sector where a general downward trend is observed in sales growth and profit margins of E&P giants due to unstable global oil prices.
MPCL has been categorized as "STRONG" a rating reserved for only a select few companies whose growth and profit shows sustainable improvements. According to Plimsoll analysis published on its website, the total value of MPCL is 1,137.4 Million US Dollars.
The Plimsoll has analyzed that MPCL's total sales have risen six times during the year as compared to other leading companies. Plimsoll, that assesses business and financial performance of any given industry using its transparent model has rated MPCL's pretax profit margin at 37.5 percent as compared to -0.4 percent globally, thus stating that MPCL profits have risen 70 percent during the last year.
Taking note of Plimsoll's report, the Managing Director of MPCL, Lt Gen Ishfaq Nadeem Ahmad (retd) has congratulated the employees and has urged them to continue working hard, so that MPCL sustains its position as a leading E&P Company of the world.
He also emphasized that the Plimsoll's analysis is for the year ending 2017. The Company, by the grace of Allah, has done even better in the year ended on 30th June 2018.-PR