Shell Pakistan posts Rs570m profit for Q3 2019

The Board of Directors of Shell Pakistan Limited announced the third-quarter results of the company on Tuesday.

The company posted a profit after tax of Rs570 million for the quarter ended September 30, 2019, compared to the profit of Rs334 million made in the same period last year.

SPL continued with a focus on its strategic priorities and operational excellence in the quarter and successfully delivered a profit after tax.

However, the overall financials for the nine months ended 30th September 2019, still present a challenging situation for the company; driven primarily by the unprecedented devaluation of the rupee, volatility in the international oil prices and increased minimum tax rates applicable to the company.

The company continued its focus on driving competitive business plans to deliver top quartile business performance.