The national energy icon, Pakistan State Oil (PSO), convened its 46th Annual General Meeting for the financial year 2021-22 on October 26, 2022, in Karachi. Chairman Board of Management, PSO, Mr Zafar I. Usmani, chaired the meeting with Managing Director & CEO, PSO Syed Taha. Other senior company officials were also present at the occasion.
Shareholders were apprised of record-breaking results as the Company surpassed its previous years’ historical financial performance, achieving an all-time high gross revenue of PKR 2.7 trillion (FY21: PKR 1.4 trillion) and a record profit after tax of PKR 86.2 billion (FY21: PKR 29.1 billion), i.e. a 196% increase. The net profit translated into an earning per share of PKR 183.66 (FY21: PKR 62.07).
Based on the Company’s outstanding financial and operational performance, the Board of Management declared a final dividend of PKR 10/- per share (100%) for the financial year 2021-22.