OGDC declares 20pc dividend on high profit

KARACHI: Oil and Gas Development Authority (OGDC) has posted a net profit of Rs 44.408 billion in nine months of 2008-09 and announced 20 percent final cash dividend for the shareholders.
According to financial results of the company despatched to Karachi Stock Exchange here Thursday, the pre-tax profit soared to Rs 66.272 billion for the period ending March 2009.
The earning per share (EPS) of the company also jumped to Rs 10.33 during the period under review, compared to Rs 8.44 in the same period last year.
OGDC’s net sales have crossed Rs 100 billion mark during the nine months.

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