Karachi: Hascol Petroleum Limited has announced its financial results for the year ended December 31, 2024, following a board meeting held on May 15, 2025. The company reported that it will not be distributing a dividend for the year. The decision was made during the meeting at the company's corporate office.

The financial results, which include the Statement of Financial Position, Statement of Changes in Equity, and Statement of Cash Flows, have been approved by the Board of Directors. These documents provide a comprehensive overview of the company's financial activities over the past year.

The Annual General Meeting (AGM) of Hascol Petroleum Limited is scheduled for June 11, 2025. In preparation for the AGM, the company has announced that its Share Transfer Books will be closed from June 4 to June 11, 2025. Transfers received at the company's Share Registrar office in Karachi by the close of business on June 3, 2025, will be considered timely for the purpose of attending the meeting.

According to information available from the Pakistan Stock Exchange (PSX), Hascol Petroleum Limited operates within the designated market category of the energy sector. The company's annual report for 2024 will be made available through PUCARS at least 21 days prior to the AGM, ensuring shareholders have adequate time to review the financial information.

The board's decision not to declare a dividend underscores a focus on financial stability and strategic planning as the company moves forward into the next fiscal year.