Financial results of Pakistan Oilfields Limited for the period ended March 31, 2016

Karachi, Pakistan Oilfields Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Rawalpindi on April 13, 2016.

The agenda of the meeting was discussion of un-audited interim consolidated profit and loss account for the nine month period ended March 31, 2016 which portrayed a profit of Rs. 5,820,224 and earnings per share 24.50 basic and diluted.

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

Pakistan Oilfields Limited was incorporated in Pakistan on November 25, 1950. It is a subsidiary of the Attock Oil Company Limited. In 2005 the company acquired 25% shares within National Refinery Limited. This enabled the company in acquiring a refining complex which manufactures fuel products and lube base oils. The company is listed on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Rawalpindi.

The operations of the company include exploration and production of oil and gas. It also manufactures LPG, solvent oil and sulphur. The existing brand of the company is named POLGAS and subsidiary brand CAPGAS private limited.

The symbol “POL” is being used by the stock exchange for the shares of Pakistan Oilfields Limited.