OGDCL earns 78.736bn profit during FY2017-18

ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL) has earned an after-tax profit of Rs78.736 billion during the financial year 2017-18 ended on June 30, 2018, announces company’s Board of Directors (BoD) here on Friday.

The BoD said that the Company’s net sales revenue was registered as Rs205.335 billion and per-share earnings were Rs18.31 during the financial year 2017-18.

During the period under review, the Company paid Rs33.890 billion as taxes. On the exploration and development side company recorded significant enhancement in seismic efforts and drilling activities, said a press release.

The Board of Directors (BoD) appreciated the efforts of the management for ensuring production enhancement and significant exploratory work during the period.

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The Board of Directors announced Final Cash Dividend for the year 2017-18 at Rs2.5 per share. The dividend will be paid to the shareholders whose names will appear in the Register of Members Wednesday, October 17, 2018.

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