Oil and Gas Development Company (OGDCL) has made a net profit of Rs 224 billion during the last financial year, the company announced its annual results.
According to an OGDCL spokesperson, this is the highest profit ever, the company deposited Rs 159 billion in taxes to the national exchequer during the fiscal year ended June 30.
The Oil and Gas Development Company has announced a cash dividend of Rs 8.55 paise in the financial year 2023.
Spokesperson OGDCL said that the institution achieved the highest ever reserve replacement ratio of 149 percent.
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