Financial results of Hascol Petroleum Limited for Quarter ended March 31, 2021

Karachi, Hascol Petroleum Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on January 19, 2022.

The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for quarter ended March 31, 2021 which portrayed a loss of Rs. 897,340 and Rs. 936,562 with loss per share 0.90 and 0.94 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Hascol Petroleum Limited was incorporated in Pakistan as a private limited company on March 28, 2001. On September 12, 2007 the Company was converted into a public unlisted company. The Company is engaged in the business of procurement, storage and marketing of petroleum, chemicals, LPG and related products.

The Company obtained oil marketing license from Ministry of Petroleum and Natural Resources in the year 2005 and acquired assets of LPG licensed company in the year 2018.

The total numbers of shares are 999,120,680. The Earnings per share is (129.94) in 2019 which was (1.08) in 2018. The Company had a loss of Rs. 25,873,829,000 which was 214,978,000.