Karachi October 19 2022: Shell Pakistan Limited (SHEL) reported loss of PKR 4,644 million during the third quarter of 2022, according to company’s filling to the exchange.
Company has also announced an interim cash payout of PKR 3 per share for the quarter.
Share price of the company fall PKR 7.96 or 5.93 percent after the announcement at Pakistan Stock Exchange.
Company booked distribution and marketing expense of PKR 5,810 million during the quarter, which is three times more than the expense booked in the same period last year.
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.
