OGDCL records massive surge in the profit

OGDCL records massive surge in the profit

KARACHI: Oil and Gas Development Company Limited’s (OGDCL) records massive surge in the profit in FY 2018-19.

OGDCL profit increased 50 percent to Rs118.385 billion for the year ended June 30, 2019. OGDCL earned Rs78.736 billion with EPS of Rs18.31 last year.

The company announced final cash dividend for the year ended June 30, 2019 at Rs2.50/share, which was equivalent to 25 percent.

This was in addition to interim cash dividend already paid at Rs8.5/share, equivalent to 85 percent, the notice to the Pakistan Stock Exchange (PSX) said.