KARACHI: Shell Pakistan Ltd reported on Wednesday its net loss for the year ended on Dec 31, 2022, remained Rs72.3 million versus a profit of Rs4.4 billion in 2021.

The drop in the bottom line was in contrast with the company’s sales, which rose 48.2pc year-on-year to Rs418.6bn in 2022.

A press statement said the company increased its footprint in the year under review and commissioned 31 retail stations, 28 Generation-5 Select outlets and 25 new car wash facilities with tyre care.

There was no final cash dividend, even though the interim cash dividend for the first nine months of 2022 was Rs3 a share.

Published in Dawn, March 16th, 2023