Pak Oilfields declares 175pc dividend

KARACHI: Pak Oilfields Ltd (POL) has posted a higher profit after tax of Rs 6.169 billion for half year ending December 31, 2011 and declared an interim cash dividend of Rs 17.50 per share.

According to financial results of the company despatched to Karachi Stock Exchange Thursday, the pre-tax profit has also surged to Rs 9.388 billion as against Rs 7.151 billion in the same period 2010.

The earning per share has also jumped to Rs 26.08 during the period under review compared to Rs 21.99 in the same period last year.