OGDCL Earns Rs 30 Bln Profit In Two Quarters, Wins CSR Award
Rukhshan Mir (@rukhshanmir) Published February 27, 2017 | 12:05 PM
ISLAMABAD, (UrduPoint / Pakistan Point News - 27th Feb, 2017 ) : Oil and Gas Development Company Limited (OGDCL) has earned Rs 30 billion profit in two quarters of the current fiscal year and won the corporate philanthropy award for spending under the Corporate Social Responsibility (CSR) recently.
"The company's net sales revenue was registered at Rs 81.081 bln and profit after tax stood at Rs 30.008 bln, translating into earnings per share of Rs 6.98 in the half year ending December 31, 2016," official sources told APP.
The company paid Rs 10.494 bln on account of taxes. While, on the exploration and development side, it recorded significant enhancement in seismic efforts and drilling activities, they added. Commenting on CSR activities of OGDCL, the sources said the company was declared first largest corporate giver by volume of donation at the corporate philanthropy award hosted by Pakistan Centre for Philanthropy here.
The company received the award for 12th consecutive year in the same category.
Related Topics
Recent Stories
Govt reduces petrol price by Rs5.45 per litre
Pakistan’s Ambassador to UAE meets Ruler of Ras Al Khaimah
Statement of Engro Corporation - LNG Case Decision
Wasim Akram touches fans’ hearts by new look
Empowering women for employment is the need of hour, says Sadaffe Abid
Global study reveals Pakistan’s inadequate measures against Tobacco Industry
Co-Working Center launched in Okara under PITB’s e-Earn program
BHC judges recommend legal action over agencies interference into judicial matte ..
Third Women T20I: Pakistan to face West Indies today
Mahira Khan delights at Arijit Singh’s concert in Dubai
Dubai Customs Celebrates World Intellectual Property Day, Honors Schools and Uni ..
Vivo Reveals Durefishan Saleem as Brand Ambassador for its Upcoming Y100 Smartph ..
More Stories From Business
-
Petrol prices slashed by Rs 5.45 per liter
8 hours ago -
Govt reduces petrol price by Rs5.45 per litre
8 hours ago -
FBR issues Income Tax General Order to enforce return filing
9 hours ago -
Planning minister reviews preparations for upcoming 13th JCC meeting, PM Shehbaz’s expected visit ..
9 hours ago -
FBR issues Income Tax General Order to enforce return filing
9 hours ago -
LCCI delegation visits Business Facilitation Center
12 hours ago
-
2-day Pak-International Poultry Expo begins
12 hours ago -
Minister visits Punjab Model Bazaars Management Company
12 hours ago -
Kyrgyz Honorary Consul calls on Punjab Governor
12 hours ago -
Statement of Engro Corporation - LNG Case Decision
12 hours ago -
Brazil's producer inflation rises 0.35% in March
13 hours ago -
Global study reveals Pakistan’s inadequate measures against Tobacco Industry
13 hours ago