Categorie: IPO / Secondary Offering
Submitted 3 months ago by
Xpertwriter
, CEO At E-HostingJunction.com
at Spectrum Resumes , Inc
Pakistan State Oil Company Limited (PSO), the leading oil marketing company in the country, has earned a record Rs 14.053 billion profit after tax in the fiscal year ended June 30, 2008 as compared to Rs 4.689 billion earned in the corresponding period in FY07.The company's earning per share surged to Rs 81.94 in the period under review against Rs 27.34 in the same period a year back. The board of management of PSO in its meeting held here on Tuesday reviewed the performance of the company for the financial year ended June 30, 2008 and approved the audited financial statements for the year. Sardar Muhammad Yasin Malik, Chairman, BoM, presided over the meeting.The board recommended a final cash dividend for the financial year at the rate of Rs 12.5 per share, equivalent to 125 percent. This is in addition to already paid first interim dividend at Rs 5 per share ie 50 percent and second interim dividend at Rs 6 per share ie 60 percent.In a statement issued by PSO, it said the board observed that during financial year 2008 the company achieved impressive performance with a turnover touching Rs 583 billion (8.5 billion dollars) compared with Rs 411 billion a year ago, an increase of 42 percent. Profit before tax recorded at Rs 21.4 billion against Rs 7.1 billion last year and profit after tax at Rs 14.1 billion against Rs 4.7 billion registered in previous financial year.PSO made record earnings during 2008 main...
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Submitted 3 months ago by
Xpertwriter
, CEO At E-HostingJunction.com
at Spectrum Resumes , Inc
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