PPL declares 50 percent dividend

KARACHI: The board of directors of Pakistan Petroleum Ltd (PPL) has declared an interim dividend of Rs 5 per share on fully paid ordinary shares and Rs 3 per share on fully paid convertible preference shares for the period ending December 31, 2011.

According to PPL communique sent to KSE here Wednesday, the company reported a higher profit after tax of Rs 20.113 billion during six months as against Rs 16.618 billion in the same period last year.

The profit before tax also surged to Rs 28.936 billion during the period under review compared to Rs 23.109 billion in 2010.

Earning per share rose to Rs 15.30 on December 31, 2010 as against Rs 12.64 in the same period last year.