KARACHI, Oct 27: At the annual general meeting of Pakistan Petroleum Limited held on Thursday, directors told shareholders that PPL had earned an after tax profit for the year 2004-05 (July-June) amounting to Rs8.6 billion, reflecting an improvement of 30 per cent over the previous year. Earning per share stood at Rs12.57 for the latest year and Rs9.65 for 2003-04.

A press release issued by the company stated that final cash dividends on ordinary and convertible preference shares at 30 per cent and five per cent, respectively, were approved by the shareholders. The meeting was chaired by M.A.K. Alizai, while PPL managing director Syed Munsif Raza also answered shareholders’ queries.