Karachi September 23 2024: Oil and Gas Company Limited (OGDC) announced below expectation cash of PKR 4 per share for the last quarter of fiscal year 2024, according to company filing to exchange.
This cash payout is in addition to already paid PKR 6.10 per share.
Share price of the company fall PKR 2.80 or 1.98 percent after the result announcement at Pakistan Stock Exchange.
On June 27 2024, the government has approved payment of PKR 82 billion to Oil and Gas Development Company Limited (OGDCL), representing the principal amount of the company’s investment in Privately Placed Term Finance Certificates (PPTFC) issued by Power Holding (Private) Limited (PHL).
Company reported profit of PKR 208 billion for fiscal year 2024 down from last year profit of PKR 225 billion. OGDC finance and other income fell to PKR 42 billion this year from PKR 155 billion for fiscal year 2023.
