EXTERNAL COMMUNICATIONS DEPARTMENT
OGDCL ANNOUNCES FINANCIAL RESULTS FOR THE YEAR
ENDED JUNE 30, 2023
ISLAMABAD: The Board of Directors of Oil & Gas Development Company Limited
(OGDCL), in its meeting held on September 28, 2023, at Islamabad, announced the financial
results for the year ended June 30, 2023, of fiscal year 2022-23. Net sales revenue clocked at Rs.
413.594 billion, translating to profit after tax of Rs. 224.617 billion, showing an increase of 59
percent compared to a profit of Rs. 133.783 billion in the same period of last year and earnings
per share of the company clocked at Rs. 52.23 from Rs. 31.11.
The Board of Directors announced the final cash dividend for the year 2022-2023 on the basis of
accounts for the period ended June 30, 2023 @ 2.75 per share i.e., 27.50 percent. This is an
addition to interim dividends already paid @ Rs.5.80 per share, i.e. 58 percent to its
shareholders. The dividend will be paid to the shareholders whose names will appear in the
Register of Members on Wednesday, October 18, 2023. The share transfer books of the company
will be closed from Thursday, October 19, 2023, to Thursday, October 26, 2023.
During the period under review, the company paid Rs. 159.154 billion on account of Taxation.
The annual general meeting (AGM) of shareholders of the company will held on Thursday,
October 26, 2023, at 09.00 hours in Islamabad. On the exploration and development side, the
company recorded significant enhancements in seismic efforts and drilling activities. The Board
of Directors appreciated the efforts of the management for taking effective steps for the
implementation of the company's aggressive exploration program.
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Issued By: Zeeshan Zaidi, Manager External Communications (OGDCL) 0300-0506560/ 0322-8585605
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