PSO reports Rs 14.78bn profit after tax

KARACHI: PSO declared profit after tax of Rs 14.78 billion in comparison to Rs 9.05 billion last year. PSO maintained its market leadership with 65.6 percent of the total market share and recorded the highest ever sales of 1.1 million MTs of Motor Gasoline in the past year.

Highlighting the company’s financial performance, Chairman Board of Management, Sohail Wajahat Siddiqui, announced that this year PSO had increased its turnover to Rs 975 billion in comparison to Rs 877 billion last year. Earnings per share (EPS) also recorded an increase to Rs 86.17 per share in comparison to Rs 52.76 per share last year.

Speaking on future plans, Jehangir Ali Shah reaffirmed the management’s drive to work towards optimum performance. He shared PSO’s plans to promote PSO’s lubricants range in the market to further strengthen the company’s balance sheet.

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