PSO receives KSE top companies award

The Pakistan State Oil (PSO) was honoured for its excellent performance at the Karachi Stock Exchange (KSE) Top Companies Award ceremony. President Asif Ali Zardari during an event at Aiwan-e-Sadar, Islamabad gave away an award to PSO Managing Director Jehangir Ali Shah. Shah said, “It is an honour for PSO to be awarded KSE Annual Top Company Award.”

PSO posted an after tax earning of Rs 9.25 billion during 3Q FY11 as compared to Rs 7.53 billion during 3Q FY10. Sales revenue at PSO continued to register growth with an increase of 5.6 percent in the period under review, and sales volume increased to Rs 663 billion in comparison to Rs 627 billion in the corresponding period last year. A second interim cash dividend of Rs 3 per share was also announced.

From: Daily Times