The Board of Management of PSO convened Thursday at PSO House to review the company’s performance over the first half of FY13 ranging from July to December 2012. The meeting was chaired by PSO Chairman Sohail W Siddiqui. In the period under review, PSO’s revenues rose to Rs 630 billion as compared to Rs 576 billion in the corresponding period last year, representing a growth of 9.34%. After tax earnings also witnessed significant improvement and increased to Rs 6.3 billion in 1HFY13 in comparison to Rs 4.6 billion in FY12 representing a healthy increase of nearly 37%. Keeping in view the company’s financial performance over the past six months, the board announced a cash dividend of Rs 2.5 per share and bonus shares equivalent to 20% of shares held.
