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POL, ARL and APL announce dividends

KARACHI: Attock Refinary Limited (ARL) has announced Rs 8.00 i.e. 80 percent final cash dividend for the year ended June 30, 2008.

Company also announced bonus share in the proportion of one share for every five shares, Karachi Stock Exchange announced on Thursday. ARL posted Rs 6.147 billion profit after tax during the year under review against Rs 748 million in the previous year. EPS also rose to Rs 28.24 during the year against Rs 7.10 in the previous year.

Attock Petroleum: Attock Petroleum Ltd. (APL) declared final cash dividend of Rs 20 per share i.e. 200 percent for its shareholders in the year ended June 30, 2008.

It also announced 20 percent bonus shares for the said year, KSE announcement said on Thursday.

APL earned Rs 2.641 billion in 2007-08 compared to Rs 1.728 billion during the last year and company’s eps also jumped to Rs 55.03 during the year under review over Rs 36.01 in the previous year. Net sales rose to Rs 60.130 billion in the year under review compared to Rs 49.939 billion in the previous year whereas cost of production also saw substantial increase during the year.

Pakistan Oilfields: Pakistan Oilfields (POL) announced final cash dividend at Rs 16 per share i.e. 160 percent for ended June June 30, 2008, KSE announced. Company also declared 20 percent bonus shares for the year under reveiew.

According to financial results for 2007-08, the profit after tax jumped to Rs 8.616 billion in 2007-08 over Rs 5.939 billion in the previous year whereas eps soared to Rs 43.71 in the said year against Rs 30.13 in the previous year.

The net sales also spiked to Rs 16.739 billion from Rs 14.239 billion a year before. staff report

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