Karachi February 23 2022: Oil and Gas Development Company Limited (OGDC) profit increased by 63 percent YoY to PKR 68,883 million during 1HFY22 compared with profit of PKR 42,225 million during same period last year.
The company also announced a cash dividend of PKR 2.0 per share compared to PKR 1.60 per share during 2QFY22. For 1HFY22, total pay-out reached at PKR 3.75 per share compared to PKR 3.60 per share during 1HFY21.
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Higher oil prices and PKR depreciation caused a 36 percent rise in sales of the company to PKR 79,633 million during 1HFY22.
