OGDCL Announces First Interim Cash Dividend For Year 2018-19

Umer Jamshaid Published October 27, 2018 | 01:06 AM

ISLAMABAD, (UrduPoint / Pakistan Point News - 26th Oct, 2018 ) :The Broad of Directors of Oil and Gas Development Company Limited (OGDCL) in its meeting held on 25th October, 2018 here announced the financial results for the first quarter ended 30th September, 2018.

The Company's net sales revenue was registered as Rs 61.799 billion and profit after tax stood at Rs 26.734 billion translating in to Earnings per share of Rs 6.22, said a press release issued here on Friday.

The board of Directors announced first interim cash dividend for the year 2018-19@ Rs 2.

75 per share.

The dividend will be paid to share holders whose name will appear in the Register of Members Wednesday, December 12, 2018.

During the period under review, the company paid Rs 12.628 billion on account of Taxes.

On the exploration and development side, the company recorded significant enhancement in seismic efforts and drilling activities.

The Broad of Directors appreciated the efforts of the management for ensuring production enhancement and significant exploratory work during the period.