September 23, 2022 (MLN): Oil & Gas Development Company Limited (OGDC) announced results for FY22, wherein the company’s profit was up by 46.15% to Rs133.78bn, the company’s stock filings on the stock exchange showed.
In the filing, the company posted a profit after taxation (PAT) of Rs133.78bn up by 46.15% against the Rs91.53bn in FY21, translating into earnings per share (EPS) of Rs31.11 against Rs21.28 in FY21.
The top line of the OGDC jumped to 28.72%, to Rs335bn against Rs239bn in FY21. Gross profit up by 35.58%, to Rs217bn against Rs140bn in FY21.
In FY22, profit before taxation (PBT) is up by 44.53%, to Rs233bn against Rs129bn in FY21.
Alongside financial results, the company announced a cash dividend of Rs2.50 per share which is 25%.