Mari Petroleum, one of Pakistan's major Exploration and Production (E&P) companies, has reported a profit-after-tax of Rs37.51 billion in the first half of the fiscal year 2024. This marks a growth of over 57% compared to the same period in the previous year.
The company's Board of Directors also announced a first interim cash dividend of Rs98 per share during a meeting. Mari Petroleum's net sales increased by over 54% to Rs93.74 billion, and its gross profit stood at Rs67.36 billion. The company's financial and operational performance remained strong, with hydrocarbon sales of 19.8 million barrels of oil equivalent.
The company's Board of Directors also announced a first interim cash dividend of Rs98 per share during a meeting. Mari Petroleum's net sales increased by over 54% to Rs93.74 billion, and its gross profit stood at Rs67.36 billion. The company's financial and operational performance remained strong, with hydrocarbon sales of 19.8 million barrels of oil equivalent.