OGDC declares 15pc dividend

KARACHI: Oil and Gas Development Authority (OGDC) has posted higher profit after tax of Rs 21.915 billion for the quarter ending September 30, 2011 and announced an interim cash dividend of Rs 1.5 per share.

According to financial results of the company despatched to Karachi Stock Exchange here Thursday, the pre-tax profit jumped to more than Rs 31.097 billion compared to Rs 24.137 billion in the same period last year.

The earning per share (EPS) also improved to Rs 5.10 during the period under review, compared to Rs 3.89 in the corresponding period last year.