ISLAMABAD: Pakistan Petroleum Limited (PPL), state-owned oil and gas exploration company, earned Rs 26,608 million profit
in first three quarters of the current fiscal year as compared to Rs 21,871 million of the corresponding period last year, witnessing 21.65 percent increase in revenue.“Profitability of the company increased by 21% mainly due to higher sales revenue and lower other operating expenses,” official sources Wednesday told APP. While, the company’s sales revenue (net) stood at Rs 63,973 million, which is almost 7.5 percent higher than the last year. The company’s natural gas production increased by 8.1 percent from 203,431 million cubic feet (mmcf) to 219,967 mmcf, crude oil/natural gas liquid/condensate production up by 17.6 percent from barrel (bbl) 3,790,665 to 4,458,328 bbl and Liquefied Petroleum Gas (LPG) production showed 20.5 percent increase from 48,826 tons to 58,838 tons during the period.
