Karachi, Pak Oilfields Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Rawalpindi on August 11, 2021.
The agenda of the meeting was discussion of consolidated profit and loss account for Year ended June 30, 2021 which portrayed a profit of Rs. 15,402,250 with earnings per share 54.24 basic and diluted respectively.
Further, 300% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from September 16, 2021 to September 22, 2021 (both days inclusive).
Pakistan Oilfields Limited is incorporated in Pakistan as a public limited company. The Company is principally engaged in exploration, drilling and production of crude oil and gas in Pakistan. Its activities also include marketing of liquefied petroleum gas under the brand name POLGAS and transmission of petroleum. The Company is a subsidiary of The Attock Oil Company Limited, UK and its ultimate parent is Coral Holding Limited.
The total numbers of shares are 283,855,104. The Earnings per share is 57.69 in 2020 which was 59.44 in 2019. The Profit after Taxation is 16,375,850,000 in 2020 which was 16,871,707,000 in 2019.