PSO witnesses turnaround in profitability during FY21
MG News | October 26, 2021 at 11:46 PM GMT+05:00
October 26, 2021: Pakistan State Oil (PSO) announced a record-breaking gross revenue of Rs1.4 trillion and the highest ever profit after tax of Rs29.1 billion for the financial year 2020-21, compared to a loss after tax of Rs6.5bn in the preceding year.
The net profit translated into a healthy earning per share of Rs62.07 vs. loss per share of Rs13.77 in FY20.
Based on the outstanding financial and operational performance, the company declared a final cash dividend of RS10/- per share (100%) which is in addition to the interim cash dividend of Rs 5/- per share (50%) already paid for the financial year 2020-21. The dividend for the financial year stands at Rs 15/- per share (150%).
The company revealed its financial statement during its 45th Annual General Meeting held today at the head office in Karachi. Chairman, Board of Management, PSO Mr. Zafar I. Usmani presided over the meeting with CEO & Managing Director PSO Syed Taha, other BoM members, and senior company officials.
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