Business News

OGDCL crude oil production reaches 48,767 bpd, earns Rs 14 bln profit

ISLAMABAD, Nov 2 (APP): The crude oil production of Oil and Gas Development Company (OGDCL) has touched the highest level of 48,767barrels per day (bpd) and the organization earned over Rs 14 billion profit in first quarter of the current financial year. “The company’s net sales revenue was registered at Rs 39.565billion and profit after tax stood at Rs 14.631 billion translating into earnings per share of Rs 3.40 in the first quarter for the year2016-17,” official sources told APP.