The Oil and Gas Development Company Limited earned record after-tax profit of Rs124 billion during the last financial year, showing a growth of 36 percent.
The 17th Annual General Meeting of the company was informed yesterday that the sales revenue grew by 15pc to Rs257bn.
The meeting presided over by Zahid Muzaffar, Chairman of the Board of Directors, and attended by Iskander Mohammad Khan, Prince Ahmed Omar Ahmedzai, Rehmat Salam Khattak, Hamid Farooq and Mohammad Rafi, managing director and chief executive officer of the OGDCL, reviewed the performance of the company during 2013-14. It also oversaw election of new members of the board.
The meeting was informed that earnings per share had gone up to Rs28.81. The company contributed Rs132.26bn to the national exchequer on account of corporate tax, dividend, royalty, general sales tax and excise duty, etc.
