Page 48 - Pakistan Oilfields Limited - Annual Report 2021

“ During the year,

the Company

made profit after

tax of Rs 13,382
million

In the name of ALLAH, The Most

Gracious, The Most Merciful

The Directors of the Company take pleasure in
presenting Annual Report along with financial
statements for the year ended June 30, 2021.

Financial Results

These are summarized below:

Rs (000)
Profit for the year after providing for
all expenses including depreciation,
exploration, amortization and 20,678,334
workers’ funds.
Less: provision for taxation (7,296,079)
Profit after tax 13,382,255

During the year, the Company made profit after
tax of Rs. 13,382.3 million (2020: Rs.16,375.9
million), which is lower by 18.28% as compared
to corresponding period last year. The profit
translates into earnings per share of Rs 47.14
(2020: Rs 57.69).