KARACHI: Oil and Gas Development Co Ltd (OGDCL) on Thursday reported a net profit of 14.89 billion rupees ($174 million) in the quarter that ended on December 31, down 9.37 percent from last year.

That compared with a net profit of 16.43 billion rupees ($192 million) in the same period last year.

OGDCL shares were trading 0.1 percent lower at 156.50 rupees at 0857 GMT, in a broader market that was 0.12 percent higher.

Copyright Reuters, 2011

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