OGDCL quarterly profit rises to Rs53.3bn


Oil and Gas Development Company Ltd recorded a net profit of Rs53.3 billion for July-September, up 58 per cent from a year ago. The company also announced an interim cash dividend of Rs1.75 per share, a stock notice showed on Tuesday.

According to Arif Habib Ltd, net sales settled at Rs106bn in the three-month period, up 48pc on an annual basis, on the back of a 43pc increase in oil prices and 26pc depreciation in the rupee’s value against the greenback.

Pakistan Oilfields Ltd said its earnings for July-September totalled Rs8.4bn after growing 60pc from the preceding year. The company didn’t announce any dividend.

Fauji Fertiliser Bin Qasim Ltd registered a net loss of Rs1.69bn for July-September versus a net income of Rs2.27bn in the year-ago period.The company didn’t declare any payout. D.G. Khan Cement Company Ltd posted consolidated earnings of Rs463.9 million for July-September, down 59pc from a year ago. The company didn’t announce a dividend.

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