DAWN.COM

Today's Paper | November 08, 2024

Published 27 Aug, 2022 04:14am

PSO earnings surge

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

Read Comments

What is Project 2025 that is being linked with Donald Trump? Next Story