Karachi, Pakistan Oxygen Limited (POL) has disclosed its unaudited financial results for the half-year and quarter ended June 30, 2023. Additionally, the company's Board of Directors held a pivotal meeting in Karachi on August 25, 2023, during which certain key decisions were ratified.

Board Decisions:

The Board of Directors approved the following recommendations:

Cash Dividend: Nil

Bonus Shares: Nil

Right Shares: Nil

Financial Results Highlights:

Pakistan Oxygen Limited's unaudited financial results for the half-year and quarter ended June 30, 2023, were outlined as follows (in Rupees in '000'):

Half-year ended June 30, 2023:

Net Sales: 3,695,671

Gross Profit: 545,987

Profit after Taxation: 33,690

Earnings per share - basic and diluted: Rs. 0.46

Second Quarter ended June 30, 2023:

Net Sales: 1,880,996

Gross Profit: 247,899

Profit after Taxation: 413

Earnings per share - basic and diluted: Rs. 0.01

Pakistan Oxygen Limited's financial performance, as reflected in the unaudited results, underscores the company's commitment to efficient operations and responsible corporate management. The Board's decisions align with the company's strategic approach to enhancing shareholder value and ensuring compliance with regulatory requirements.