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.
An image from the launch event of the Pakistan Pavilion for Expo 2025 Osaka's revelation in Kobe. —...
Federal Reserve Chair Jerome Powell. — AFP/File ARLINGTON: The recent tariffs introduced by President Donald...
Trucks loaded with shipping containers pass over Donghai Bridge to exit Yangshan Port outside of Shanghai, China,...
In this picture taken on July 20, 2023, a worker operates a machine preparing fabric at a textile mill in Lahore. —...
A hand is seen on a laptop with binary code displayed on the screen in front of Russian flag in this picture...
Traders work on the New York Stock Exchange floor in New York City, US on June 14, 2022. — ReutersLONDON/SINGAPORE:...
