ISLAMABAD: The Oil & gas improvement business enterprise restrained (OGDCL) held its twenty sixth Annual general meeting (AGM) for shareholders on Monday for the financial 12 months 2022-23 at the OGDCL Head workplace in Islamabad. The assembly became chaired via the Chairman of the Board of administrators, OGDCL, Mr. Zafar Masud. The coping with Director & CEO of OGDCL, Mr. Ahmed Hayat Lak, together with other board participants, senior management, and shareholders, had been in attendance.
OGDCL in addition solidified its position because the marketplace chief, attaining internet sales sales of PKR 413.594 billion. This translated to a earnings after tax of PKR 224.617 billion, showing a strong increase of fifty nine percent as compared to last year’s income of PKR 133.783 billion. The income consistent with percentage of the agency surged to PKR fifty two.23, up from PKR 31.eleven.
For the year 2022-2023, the Board introduced a very last coins dividend, based on the debts for the period ending June 30, 2023, at a rate of PKR 2.seventy five according to proportion, equal to 27.50 percent. that is in addition to the intervening time dividends already paid at a rate of PKR five.80 in line with share, amounting to 58 percentage. throughout the assessment period, the company paid PKR 159.154 billion in taxation.
Shareholders of OGDCL recommended the organisation’s unwavering overall performance across diverse portfolios, acknowledging its boom, innovation, and sustainability initiatives.