Shell Pakistan reported loss of PKR 599 million in last quarter of 2023 due to inventory losses arising from decline in local prices, according to company filing to the exchange.
In a full year 2023, company reported profit of PKR 5,851 million compared to loss of PKR 72 million reported in 2022.
Shell Pakistan Limited is a limited liability Company incorporated in Pakistan. The Company is a subsidiary of Shell Petroleum Company Limited, United Kingdom which is a subsidiary of Royal Dutch Shell Plc. The Company markets petroleum products and compressed natural gas. It also blends and markets various kinds of lubricating oils.
