KARACHI: Pakistan State Oil Company Ltd (PSO) recorded an unconsolidated profit of Rs86.2 billion for 2021-22, up 196 per cent from the preceding year.

A regulatory filing showed on Friday quarterly earnings of the oil marketing company rose 97pc to Rs21.5bn on an annual basis in the latest three-month period.

The company also declared a final cash dividend of Rs10 per share. The company recorded effective taxation at 61pc in the last quarter of 2021-22 versus 35pc a year ago. The higher tax expense included super tax imposed on pre-tax earnings of 2021-22.

Systems profit jumps

Systems Ltd announced on Friday its consolidated profit for the April-June quarter amounted to Rs1.76bn, up 93.3pc from a year ago. A stock filing showed its revenue grew 75.1pc on a year-on-year basis to Rs6.1bn. The company didn’t announce any payout.

Published in Dawn, August 27th, 2022