The Board of Directors of Oil & Gas Development Company Limited (OGDCL) in its meeting held on 23rd February, 2022 at OGDCL Head Office, Islamabad announced the financial results for the half quarter ended 31st December, 2021 of fiscal year 2021-22. Net sales revenue clocked at Rs.151.163 billion translating to Profit after tax of Rs. 68.882 billion and earnings per share of Rs. 16.02.
The Board of Directors announced an interim cash dividend for the quarter ended December 31, 2021 @ Rs. 2.00 per share i.e. 20 percent. This is in addition to interim dividend already paid @ Rs.1.75 per share i.e. 17.50 percent to its shareholders. The dividend will be paid to the shareholders whose names will appear in the Register of Members on March 08, 2022.
During the period under review, the Company paid Rs. 36.288 billion on account of Taxation. On the exploration and development side company recorded significant enhancement in seismic efforts and drilling activities.
The Board of Directors appreciated the efforts of the management for taking effective steps for the implementation of company’s aggressive exploration program.
OGDCL ANNOUNCED FINANCIAL RESULTS FOR
THE HALF YEAR ENDED DECEMBER 31, 2021.
