Karachi March 15 2023: Shell Pakistan Limited (SHEL) reported loss of PKR 72 million during the year 2022, according to company’s filling to the exchange.
Share price of the company fall PKR 2.48 or 2.76 percent after the announcement at Pakistan Stock Exchange.
Company booked distribution and marketing expense of PKR 10.2 billion during the year, which is 36 percent more than the expense booked in the same period last year.
Company booked other expenses of PKR 14.3 billion most of which is due to exchange losses compared to PKR 3.8 billion in 2021.
About the Company
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.
