Oil & Gas Development Co. Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Net Sales for the period increased by 5.50 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 6.4 percent.
The board has recommended a Cash Dividend for the year ended June 30, 2017 at the rate of 20% i.e. Rs. 2/- per share. This is in addition to the interim dividend already paid at Rs. 4/- per share i.e. 40%. The board issued no bonus or right shares.
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Year Ended
Key Financials
2017
2016
% Change
Amounts in PKR '000
Net Sales
171,829,364
162,866,578
5.50%
Royalty
18,518,982
18,078,772
2.43%
Oeprating Expenses
56,585,214
54,986,250
2.91%
Transportation Charges
1,720,982
1,912,017
-9.99%
Gross Profit
95,004,186
87,889,539
8.09%
Other Income
16,020,333
14,702,971
8.96%
Exploration & prospecting expenditure
13,268,575
14,548,295
-8.80%
General & Admin: Expenses
4,239,642
3,770,607
12.44%
Finance Cost
1,514,634
1,717,889
-11.83%
Profit before Taxation
89,137,462
80,507,387
10.72%
Taxation
25,334,060
20,536,585
23.36%
PAT
63,803,402
59,970,802
6.39%
EPS – Basic & diluted
14.83
13.94
6.38%
Company release on Earnings Report can be accessed here.