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Friday, 12 August 2011

OGDC declares 25 % dividend

KARACHI: Oil and Gas Development Company (OGDC) has posted higher profit after tax of Rs63.527 billion for the year ending June 30, 2011 and announced a final cash dividend of Rs2.5 per share.

According to financial results of the company sent to Karachi Stock Exchange here on Friday, the pre-tax profit jumped to more than Rs90.982 billion compared to Rs88.552 billion in the same period last year.

The earning per share (EPS) also improved to Rs14.77 during the period under review, compared to Rs13.76 in the corresponding period last year.
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