PSO continues to lead the energy market with record profits

Earnings per share stood at Rs 51.10 per share

Karachi: Pakistan State Oil (PSO), the country’s leading energy company, has announced its highest ever post-tax quarterly profit of Rs 21.89 billion, resulting in an EPS of Rs. Revenue stood at Rs 46.62 per share. PSO posted its highest ever quarterly gross sales of Rs 976 billion for the first quarter of FY 2023-2024.

During the meeting held on October 20, 2023, the Board of Management (BOM) of the company reviewed the Group’s performance for the first quarter ending September 30, 2023. The Group recorded the highest ever Q1 of 23.99 billion. Earned a net profit of Rs.

As a result of which the earnings per share was Rs 51.10 per share. PSO’s market share in diesel and gas lines increased by 4.5% and 4.2% to 55.0% and 47.9% respectively.

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