Pakistan State Oil Co. (PSO.KA) said Friday it swung to a net profit for the last fiscal year thanks to a rise in fuel sales and prices.
Pakistan State Oil Co. (PSO.KA) said Friday it swung to a net profit for
the last fiscal year thanks to a rise in fuel sales and prices.
The oil marketing company posted a net profit of PKR9.05 billion ($106 million)
for the year ended June 30, compared with a net loss of PKR6.70 billion in the
previous year.
Revenue rose 21% to PKR743 billion, it said in a statement to the Karachi Stock
Exchange.
It proposed a final dividend of PKR5 a share for the last fiscal year.
Pakistan State Oil's customers include local companies such as Hub Power Co.,
Pakistan International Airlines Corp. and Oil & Gas Development Corp.
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