KARACHI: Mari Petroleum Company Limited (MPCL) on Thursday reported a four percent rise in its full-year net profit, due to a decline in operating expenses.
In a statement to the Pakistan Stock Exchange, the company reported a net profit of Rs31.44 billion for the year ended June 30, up from Rs30.31 billion the previous year.
The company also announced a final cash dividend of Rs75 a share, which is in addition to interim dividends already paid at Rs66 per share.
Earnings per share came in at Rs235.71, compared with Rs227.23 last year.
The company said its revenue for the year rose to Rs82.69 billion, compared with Rs81.60 billion a year earlier.
The company said its exploration and prospecting expenditure fell to Rs4.54 billion from Rs10.25 billion that increased the profit margins. Overall, operating cost also fell to Rs33.29 billion, compared with Rs35.64 billion.
The picture shows a logo of Federation of Pakistan Chambers of Commerce & Industry . — APP/FileKARACHI: Atif Ikram...
The image shows the logo of the Securities and Exchange Commission of Pakistan . — APP/FileISLAMABAD: The Securities...
This image released on January 26, 2023, shows the logo of Archroma. — Facebook/ArchromaKARACHI: Archroma Pakistan...
The logo of the Trade Development Authority of Pakistan . — TDAP website. Mirpur: Kausar Taqadus Gilani, Minister...
This representational image shows Gold bars. — AFP/FileKARACHI: Gold prices in the local market dropped by Rs600 per...
Security personnel walk past the US Federal Reserve building in Washington, DC on Oct 22, 2021. —...