Financial results of National Refinery Limited for the period ended February 9, 2016

Karachi: National Refinery Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Beirut, Lebanonon February 9, 2016.

The agenda of the meeting was discussion of un-audited interim profit and loss account for the quarter ended December 31, 2015 which portrayed a profit of Rs. 2,478,165 and earnings per share 30.99 basic and diluted and for half yearly ended December 31, 2015 portrayed a profit of Rs. 2,884,283 and earnings per share 36.07basic and diluted.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

National Refinery Limited is a company incorporated in Pakistan on August 19, 1963 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The company is engaged in the manufacturing, production and sale of large range of petroleum products. The refinery complex of the company comprises of three refineries consisting of two lube refineries, commissioned in 1966 and 1985, and a fuel refinery added to the complex in 1977. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges in Pakistan. The registered office of the company is located at Karachi.

The symbol “NRL” is being used by the stock exchanges for the shares of National Refinery Limited.