PSO FY10/11 net profit rises 63 pct to 14.78bn rupees

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KARACHI: Pakistan State Oil (PSO) reported on Tuesday a net profit of 14.78 billion rupees ($171 million) for the 2010/11 fiscal year (July-June), up 63 percent from 9.05 billion rupees the previous year.

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

PSO shares were 4.19 percent lower at 206.24 rupees at 1:44 p.m., in a broader market which was trading 2.9 percent lower.