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ISLAMABAD: The Board of Directors of Oil and Gas Development Company Limited (OGDCL) announced the financial results for the first quarter ended 30th September, 2021 of fiscal year 2021-22.

Net sales revenue clocked at Rs71.530 billion translating to profit after tax of Rs33.630 billion and earnings per share of Rs7.82, the Board of Directors announced first interim cash dividend to its shareholders @ Rs1.75 per share. The dividend will be paid to the shareholders whose names will appear in the Register of Members on November 9, 2021.

During the period under review, the company paid Rs18.640 billion on account of taxation. On the exploration and development side, company recorded significant enhancement in seismic efforts and drilling activities.

Copyright Business Recorder, 2021

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