Mari Petroleum’s Financial Performance Highlights Robust Growth

Islamabad, Mari Petroleum Co. Ltd. (MARI) has announced a substantial increase in its distribution rates, demonstrating a robust financial performance in the market. For the January-March 2024 period, MARI showcased an impressive earnings per share (EPS) of 2071, significantly up from the previous year.

In the financial year ending in 2024, Mari Petroleum marked a notable distribution increase to 980% (Interim), up from 1470% in 2023 and 1240% in 2022. Despite fluctuations in the market, the company maintained a strong high rate of Rs. 2516.98 and a low rate of Rs. 2508.42, indicating its steady market position. The company, listed in 1994, has continued to solidify its stance in the oil and gas exploration sector, reflected through its consistent market lot and par value at Rs. 10 and 1, respectively.