Pakistan Petroleum announces 20 percent cash dividend and 10 percent bonus

Karachi: The 60th Annual General Meeting of Pakistan Petroleum Limited (PPL) Friday approved the financial statements together with the auditor’s report for the financial year ended June 30, 2011.

It further approved payment of final cash dividend of 20 percent on ordinary share capital and issue of bonus shares in proportion of one ordinary share for every 10 ordinary shares held by members.

On behalf of the PPL Board, MD and CEO Asim Murtaza Khan apprised members about the company’s performance, focusing on the significant events of the year 2010 – 2011.

He stated that strategically the company remained on course, the main features of which were optimizing production and reserves replacement, enhancing exploration activities and embedding good governance and responsible corporate citizenship across the board in all operational areas.

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