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Financial results of National Refinery Limited for Year ended June 30, 2021

Karachi, National Refinery Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on August 01, 2021.

The agenda of the meeting was discussion of profit and loss account for Year ended June 30, 2021 which portrayed a profit of Rs. 1,770,100 with earnings per share 22.14 basic and diluted respectively.

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

Furthermore, the share transfer books of the company will remain closed from October 14, 2021 to October 21, 2021 (both days inclusive).

National Refinery Limited was incorporated in Pakistan on August 19, 1963 as a public limited company. The Company is engaged in the manufacturing, production and sale of a large range of petroleum products.

The refinery complex of the Company comprises of three refineries i.e. two lube refineries and one fuel refinery having a total crude oil refining capacity of 24,570,000 Bbl per annum which corresponds to 70,000 Bbls/day. Two Lube refineries process reduced crude to produce LBO, Bitumen, Wax and other specialty products.

The total number of shares are 79,966,560. The Earnings per share is (50.82) in 2020 which was (108.70) in 2019. The Company had a loss of Rs. 4,063,762,000 in 2020 which was 8,692,427,000 in 2019.