AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Islamabad, Mari Petroleum Co. Ltd. (MARI) has disclosed an impressive annual performance for the period ending January-February 2024, showcasing a substantial increase in both dividends and earnings per share (EPS). The company’s EPS surged to 420.75 from the previous year, highlighting a robust growth trajectory.
Mari Petroleum, a prominent player in Pakistan’s oil and gas exploration sector, declared a final cash dividend of 1470% for the fiscal year 2022-2023, up from 1240% in the prior period. This increment reflects the company’s strong financial health and commitment to delivering value to its shareholders. The interim dividend also saw a noteworthy rise, reaching 980%(I), compared to the previous book closure year.
Operating since 1994, Mari Petroleum has consistently played a vital role in meeting the country’s energy needs. With a paid-up capital of 1,334.03 million Rs., the company continues to invest in exploration activities to further enhance its contribution to Pakistan’s energy sector. The financial announcements underscore Mari Petroleum’s solid market position and optimistic outlook for the future.