The Oil and Gas Development Company Limited (OGDCL) has earned Rs 43.499 billion profits during the first nine months of the current financial year, 2015-16.
The OGDCL’s board of directors, in its meeting the other day, announced the financial results for the nine months that ended March 31.
The company’s net sales revenue was registered at Rs 122.711 billion and profit after tax stood around Rs 43.499 billion translating into earnings per share of Rs 10.11.
The OGDCL board announced third interim cash dividend at Rs 0.5 per share (5 per cent). The dividend will be paid to the shareholders whose names will appear in the register of members on June 15, 2016.
During the period under review, the company paid Rs 18.424 billion on the account of taxes. On the exploration and development side, the company recorded significant enhancement in seismic efforts and drilling activities.
The board of directors appreciated the efforts of the management for ensuring production enhancement and undertaking record exploratory work during the period.