Pakistan Oilfields Limited (POL) has announced a net profit of Rs7.29 billion, translating into the earn-ings per share (EPS) of Rs25.70 for the quarter ended December 31, 2021, which is 140.5 per cent higher than the profit of Rs3.03 billion and the EPS of Rs10.66 in the same quarter last year, a bourse filing said. Alongside financial results, POL has also declared an interim cash dividend of Rs20/share.
POL’s net sales during the quarter under review clocked-in at Rs13.88 billion, up 39.2 per cent, compared with Rs9.97 billion recorded in the same period of the last year.
Other income surged to Rs1.8 billion during the quarter, compared with Rs221.8 million last year. The company incurred exploration costs of Rs107.8 million during the quarter, compared with Rs33.5 million last year.
