ISLAMABAD: Oil & Gas Development Company Limited (OGDCL), Friday, announced the financial results for the fiscal year 2016-17.
The Company’s net sales revenue registered Rs 171.829 billion and Profit after tax stood at Rs 63.803 billion translating into Earnings per share of Rs 14.83.
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The Board of Directors of Oil & Gas Development Company Limited (OGDCL) here announced these results. BoD also announced Final interim cash dividend of Rs 2.00 per share (20%) for the Fiscal Year 2016-17. The cash dividend will be paid to the shareholders whose names will appear in the Register of Members on Tuesday, October 17, 2017.
During the period under review, the Company paid Rs 25.334 billion on the account of Taxes. On the exploration and development side, Company made significant progress in Seismic and Drilling activities.
The Board of Directors appreciated the efforts of the management for ensuring production enhancement and significant exploratory work during the period.
