The board of Management of Pakistan State Oil reiviewed that the PSO revenue for the first half of 2013-14 fiscal years improved to 15.8 billion rupees from 6.31 billion rupees adding 150% profit to the company said a press release.
At the same time, the KSE-100 index noted a 17-point increase in the shares of PSO. According to the press release, ‘it is a strong evidence for attracting investors.’
In the review period, shares of PSO raised to 727 billion as compared to 630 billion of the half-yearly report of the last year.
Board of management (BoM) lauded the performance of the company for such a huge increase in profit and declared a dividend of 4 rupees on every share while allotting 10% bonus shares in the market.
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