KARACHI: Pakistan State Oil Company Ltd (PSO) recorded an unconsolidated profit of Rs86.2 billion for 2021-22, up 196 per cent from the preceding year.

A regulatory filing showed on Friday quarterly earnings of the oil marketing company rose 97pc to Rs21.5bn on an annual basis in the latest three-month period.

The company also declared a final cash dividend of Rs10 per share. The company recorded effective taxation at 61pc in the last quarter of 2021-22 versus 35pc a year ago. The higher tax expense included super tax imposed on pre-tax earnings of 2021-22.

Systems profit jumps

Systems Ltd announced on Friday its consolidated profit for the April-June quarter amounted to Rs1.76bn, up 93.3pc from a year ago. A stock filing showed its revenue grew 75.1pc on a year-on-year basis to Rs6.1bn. The company didn’t announce any payout.

Published in Dawn, August 27th, 2022

Opinion

Editorial

Counterterrorism plan
23 Nov, 2024

Counterterrorism plan

WITH terrorist attacks surging, resulting in high casualties amongst both civilians and security personnel, it is...
Bullish stock market
23 Nov, 2024

Bullish stock market

NORMALLY, stock markets rise gradually. In recent months, however, Pakistan’s stock market has soared to one ...
Political misstep
23 Nov, 2024

Political misstep

FORMER first lady Bushra Bibi’s video address to PTI followers has triggered a firestorm. Her assertion implying...
Kurram atrocity
Updated 22 Nov, 2024

Kurram atrocity

It would be a monumental mistake for the state to continue ignoring the violence in Kurram.
Persistent grip
22 Nov, 2024

Persistent grip

An audit of polio funds at federal and provincial levels is sorely needed, with obstacles hindering eradication efforts targeted.
Green transport
22 Nov, 2024

Green transport

THE government has taken a commendable step by announcing a New Energy Vehicle policy aiming to ensure that by 2030,...