Pakistan Petroleum Limited Announces Substantial Profits and Dividends

Karachi, Pakistan Petroleum Limited (PPL), a major player in the country’s oil and gas exploration sector, has reported impressive figures in its latest financial disclosure to the Pakistan Stock Exchange. With a daily weighted average rate of Rs. 119.95 against today’s rate of Rs. 117.83, the company continues to maintain a strong position in the market. PPL has announced a series of distributions for the financial year, including 35% for 2021, 20% for 2022, and 25% for 2023, reflecting its robust performance. With a paid-up capital of Rs. 27,209.67 million, the company has shown a notable earnings per share (EPS) of Rs. 19.27 for the January-November 2023 period. Listed in 2004, PPL’s share price has seen a high of Rs. 155 and a low of Rs. 95.24 this year, accompanied by a turnover of 1,551,829,063 shares.