June 25, 2022

Pkrevenue.com

Pakistan Revenue

Tag: Pakistan State Oil

PSO posts massive growth of 245% in six months
Feb 11
Corporate, Energy

PSO posts massive growth of 245% in six months

KARACHI: Pakistan State Oil Company Limited (PSX: PSO) has declared massive growth of 245 per cent in net profit for the six months ended December 31, 2021. According to financial results submitted to the Pakistan Stock Exchange (PSX) on Friday, the company declared Rs31.92 as profit after tax for the six month period ended December […]

by
Read More
Pakistan’s October oil sales highest after May 2018
Nov 3
Energy

Pakistan’s October oil sales highest after May 2018

KARACHI: Pakistan’s domestic oil sales in October 2021 recorded 1.99 million tons, which is the highest since May 2018, analysts at Topline Research said on Tuesday. Pakistan’s oil sales have increased by 17 per cent YoY to 1.99 million tons in October 2021 (and also up 3 per cent MoM), which is the highest monthly […]

by
Read More
Pakistan oil sales increase by 26% in September
Oct 1
Energy

Pakistan oil sales increase by 26% in September

KARACHI: Pakistan oil sales have increased by 26 percent Year on Year (YoY) to 1.93 million tons in September 2021 as compared with 1.52 tons in the same month of the last year, a report suggested on Friday. The same is likely to remain largely similar on a Month on Month (MoM) basis due to […]

by
Read More
PSO’s prudent planning helps considerable savings
Sep 15
Energy

PSO’s prudent planning helps considerable savings

KARACHI: Prudent planning and strategic thinking. Pakistan State Oil (PSO) has enabled considerable savings and created value for end users by taking the following steps: As of today, PSO has scrapped the spot tender for October 22-23, 2021, and replaced it with cargo under the long-term contract from Qatar Gas using contractual provisions and prudent […]

by
Read More
PSO posts highest ever annual net profit of Rs29.1bn
Aug 24
Corporate, Energy

PSO posts highest ever annual net profit of Rs29.1bn

KARACHI: Pakistan State Oil (PSO) has announced a record breaking gross revenue of Rs1.4 trillion and highest ever profit after tax of Rs29.1 billion for the financial year 2020-2021 (FY21) after a loss after tax of Rs6.5 billion in the preceding year. The net profit translated into a healthy earning per share of Rs62.07 vs. […]

by
Read More
PSO issues clarification LNG purchase
Aug 22
Energy

PSO issues clarification LNG purchase

KARACHI: Pakistan State Oil (PSO) has clarified reports about purchase of Liquefied Natural Gas (LNG) on higher prices. In a statement on Sunday the company clarified that: No cargo from long-term supply contract in September has been dropped or canceled by PSO as reported by certain media outlets. As per the Annual Delivery Plan (ADP) […]

by
Read More
PSO declares annual loss of Rs6.46 billion
Sep 1
Corporate, Energy

PSO declares annual loss of Rs6.46 billion

KARACHI: Pakistan State Oil Company Limited (PSO) on Tuesday declared Rs6.46 billion loss for the year ended June 30, 2020, according to financial results of the company submitted to Pakistan Stock Exchange (PSX). The company posted Rs10.56 billion after tax profit for the year ended June 30, 2019. The company recorded sales of Rs1,108 billion […]

by
Read More