ISLAMABAD/KARACHI: The board of directors of Oil and Gas Development Company Limited (OGDCL) on Tuesday announced a profit-after-tax (PAT) of Rs66.35bn in first nine months (July-March) of the current fiscal year, showing a 26pc decline over last year.

The board also approved the third interim cash dividend of Rs 1.80 per share.

ICI quarterly profit surges 300pc

ICI Pakistan Ltd’s PAT soared almost 300pc to Rs1.894bn during 1QCY21 from Rs471m in the same period 2020. For the nine months (July-March) of 2020-21, the PAT swelled 86pc to Rs4.3bn from Rs2.3bn in the same period last year.

Nestle Pakistan earns Rs3.2bn

Nestle Pakistan Ltd reported 68pc jump in PAT to Rs3.2bn during the quarter ended March 31, 2021 from Rs1.9bn in the same period 2020. The company posted a revenue of Rs32.3bn, up by 8pc over the same period 2020.

Millat Tractors income rises

The PAT of Millat Tractors Ltd swelled to Rs1.66bn during 1QCY21 from Rs552m in the same period 2020. Gross profit stood at Rs2.59bn as compared to Rs1.1bn.

PRL returns to profit

Pakistan Refinery Ltd (PRL) posted PAT of Rs536m during 1QCY21 as compared to loss of Rs5bn in the same period 2020.

Published in Dawn, April 28th, 2021