PPL says FY10/11 net profit at 31.44bn rupees

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KARACHI: Pakistan Petroleum Ltd (PPL) reported on Tuesday a net profit of 31.44 billion rupees ($363.9 million) in the 2010/11 fiscal year (July-June), compared with 23.32 billion rupees ($269.9 million) last year.

PPL also announced a 2 rupees per share final cash dividend.

PPL shares were down 2.68 percent at 201.40 rupees at 1234 p.m. (0734 GMT), in a broader marker which was trading 2.25 percent lower.