Oil and Gas Development Company declares 25% dividend

KARACHI: Oil and Gas Development Company (OGDC) has posted higher profit after tax of Rs 63.527 billion for the year ending June 30, 2011 and announced a final cash dividend of Rs 2.5 per share.

According to financial results of the company, the pre-tax profit jumped to more than Rs 90.982 billion as compared to Rs 88.552 billion in the same period last year.

The earning per share (EPS) also improved to Rs 14.77 during the period under review, compared with Rs 13.76 in the corresponding period last year.

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