OGDC strikes it big in 1HFY23 with 38% YoY surge in profitability

Dec-22

Dec-21

% Change

Sales - net

        203,235,513

           151,163,257

34.45%

Royalty

        (23,474,451)

           (17,034,330)

37.81%

Operating expenses

        (39,290,769)

           (34,368,848)

14.32%

Transportation charges

              (755,377)

              (1,058,810)

-28.66%

        (63,520,597)

           (52,461,988)

21.08%

Gross profit

        139,714,916

              98,701,269

41.55%

Finance and Other income

          27,737,820

              21,236,928

30.61%

Exploration and prospecting expenditure

          (6,649,292)

              (6,892,542)

-3.53%

General and administration expenses

          (2,265,158)

              (2,133,690)

6.16%

Finance cost

          (2,284,030)

              (1,141,211)

100.14%

Workers' profit participation fund

          (8,044,610)

              (5,535,355)

45.33%

Share of profit in associate - net of taxation

            4,637,953

                    936,342

395.33%

Profit before taxation

        152,847,599

           105,171,741

45.33%

Taxation

        (57,835,928)

           (36,288,949)

59.38%

Profit for the period

          95,011,671

              68,882,792

37.93%

Basic and diluted earnings per share - Rupees)

                     22.09

                        16.02

37.89%