KARACHI: Pakistan State Oil (PSO) after-tax earnings rose by 150% percent to Rs 15.8 billion as compared to Rs 6.31 billion during the same period last year.
PSOs share price recorded an impressive growth, outperforming KSE 100 share index by 11% during the second quarter ended December 31, 2013.
The Board of Management (BoM) of Pakistan State Oil Company Limited (PSOCL) was convened at the PSO headquarters, to review the Company’s performance for the first half of financial year 2013-14.
The report says that PSO’s revenues rose 15% to Rs 727 billion for the half year ended 31st December 2013 as compared to Rs 630 billion during the Same Period Last Year (SPLY).
The Board expressed gratitude to customers and business partners of the company as well as the Government of Pakistan for their unwavering support to PSO in achieving all time best results in terms of revenue and profitability