Achievement : President appreciates PSO’s performance

During the year, the company earned a profit after tax of Rs21.8 billion


Press Release November 27, 2014

ISLAMABAD: President Mamnoon Hussain congratulated Pakistan State Oil (PSO) MD and CEO Amjad Parvez Janjua on the oil marketing company’s at a meeting held in Islamabad yesterday. During the meeting, the president appreciated the company’s stellar business performance and profitability and said that PSO has set new benchmarks for the corporate sector. He stated that coupled with outstanding financial results PSO has proved that the public sector companies of Pakistan can compete successfully with multinational companies as well. Financial year 2014 was a momentous year in PSO’s history when the company recorded high sales revenue, operating profit, after tax earnings and market capitalisation. During the year, the company earned a profit after tax of Rs21.8 billion against 12.6 billion last year with unprecedented YoY growth of 73%.

Published in The Express Tribune, November 28th, 2014.

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COMMENTS (1)

kulwant singh | 9 years ago | Reply

Yet the refinery refused supply jet fuel to PSO as they fail to pay the out standing dues of the refinery.

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