After a loss after tax of Rs. 6.5 billion the previous year, PSO declared a record-breaking gross income of Rs. 1.4 trillion and the greatest ever profit after tax of Rs. 29.1 billion for the financial year 2020-21 (FY21).
On August 23, 2021, the statement occurred after PSO’s Board of Management (BoM) met in Islamabad to examine the company’s and its subsidiary Pakistan Refinery Limited’s (PRL) performance for the financial year 2020-21, which concluded on June 30, 2021.
The Board of Management has declared a final dividend of Rs. 10/- per share (100 percent) in addition to the interim cash dividend of Rs. 5/- per share (50 percent) for the financial year 2020-21, based on the company’s exceptional financial and operational performance.
For the current fiscal year, the dividend is Rs. 15/- per share (150 percent). PRL, a PSO subsidiary, had a profit after tax of Rs. 0.94 billion last year, compared to a loss of Rs. 7.6 billion the year before.
The Group earned Rs. 29.6 billion in profit after tax in FY21, compared to a loss of Rs. 14.8 billion in FY20.
Despite the adverse economic environment and recurrent pandemic waves, the Board observed that these results demonstrated PSO’s agility and strength across its wide portfolio.
