OGDCL, KE announce increased profits

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KARACHI: Oil and Gas Development Company Limited’s (OGDCL) profit increased 50 percent to Rs118.385 billion for the year ended June 30, 2019, reported The News.

OGDCL earned Rs78.736 billion with EPS of Rs18.31 last year. The company announced final cash dividend for the year ended June 30, 2019 at Rs2.50/share, which was equivalent to 25 percent. This was in addition to interim cash dividend already paid at Rs8.5/share, equivalent to 85 percent, the notice to the Pakistan Stock Exchange (PSX) said.

K-Electric Limited also announced an increased profit, up 18 percent to Rs12.311 billion for the year ended June 30, 2019, translating into EPS of Rs0.45, a bourse filing said.

The private power utility company earned Rs10.419 billion with EPS of Rs0.38 in the year ended June 30, 2017, the notice said.

The company did not announce any final cash dividend for the year ended June 30, 2018. KE has not announced any cash dividend for six years.

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