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Earnings Report: Oil & Gas Development Co. Ltd. (PSX: OGDC) today reported Financial Results for the Twelve months ended June 30, 2017

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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.

Posted on: 2017-09-15T15:42:00+05:00