Editor report
ISLAMABAD: Oil and Gas Development Company Limited (OGDCL), the country’s largest oil and gas producer, reported an 11 per cent decline in profit after tax for the first nine months of the current fiscal year, with the company saying the results were affected by forced production curtailments and weaker realised prices for crude oil and LPG.According to a company statement issued after its board of directors approved the financial results for the nine months ended March 31, profit after tax stood at Rs115.263 billion in July-March FY26, compared with Rs129 billion in the same period of FY25 and Rs171 billion in FY24. The company said the nine-month profit translated into earnings per share of Rs26.80.OGDCL also announced a quarterly dividend of Rs3.25 per share. The company said this was its highest third-quarter payout, taking the total dividend for the first nine months to Rs11 per share.
