The Board of Directors of Oil & Gas Development Company Limited (OGDCL) in its meeting held on 20th February, 2013 at Islamabad announced the financial results for the six months ended 31st December, 2012. The Company’s net sales revenue increased to Rs 110.626 billion compared to Rs 88.680 billion in the corresponding period in 2011. Profit after tax increased to Rs 49.227 billion in the period under review against Rs 41.573 billion in the same period of last year and earnings per share has increased to Rs 11.45 as against Rs 9.67 in the same period of year 2011. The Board of Directors announced the second interim cash divided for the period ended December 31,2012 at Rs 2.00 per share i.e. 20 percent. The above entitlement will be paid to the shareholders whose name will appear in the Register of Members on Monday, April 15, 2013. The Share Transfer Books of the Company will be closed from Tuesday, April 16, 2013 to Tuesday, April 23, 2013 (both days inclusive). Transfer received at the Share Registrar Office at the close of business on April 15, 2013 will be treated in time for the purpose of above entitlement to the transferees.
