Islamabad: The Board of Directors of Oil and Gas Development Company (OGDCL) announced its financial results for the period ended 31 March 2024 in a meeting held on 29 April 2024 at the OGDCL Head Office, Islamabad. 2023-24. Net sales were $1,000,000. This translates into 348.164 billion for profit after tax. 171,104 billion and $1,000,000 per share. 39.78.
The Board of Directors declared an interim cash dividend @ 2.00 per share for the quarter ended March 31, 2024 which is 20 percent. This is in addition to the interim dividend already paid @ Rs.4.1 per share i.e. 41 percent of shareholders. The dividend will be paid on May 9, 2024 to the shareholders who will be registered in the list of members.
During the period under review, the Company paid $1,000,000. 68.497 billion in tax account. On the research and development side, the company has recorded significant progress in its seismic and drilling efforts.
The Company’s share transfer book will be closed from May 10, 2024 to May 13, 2024 (both days inclusive). CDC Share Registration Services Limited, CDC House, 99-B, Block ‘B’, S.M.C.H.S., Main Shahrah-e-Faisal, Karachi 74400, will be processed at the close of business on 09 May 2024. The purpose of the above rights for the buyer.
The Board of Directors appreciates the management’s efforts to take effective measures to implement the company’s aggressive research program.
