Pakistan Petroleum Ltd. announced that the board of directors in their meeting held on January 29, 2015, has approved the payment of an interim dividend for the year ending June 30, 2015 at PKR 4.50 per share on fully paid ordinary shares and PKR 3.00 per share on fully paid convertible preference shares.

The company reported unconsolidated and consolidated earnings results for the second quarter and six months ended December 31, 2014. For the quarter, on unconsolidated basis, the company reported sales - net of PKR 26,843,861,000 against PKR 30,693,981,000 a year ago. Profit before taxation was PKR 13,432,002,000 against PKR 20,451,421,000 a year ago. Profit after taxation was PKR 8,451,359,000 or PKR 4.29 per basic and diluted share against PKR 14,029,281,000 or PKR 7.12 per basic and diluted share a year ago.

For the six months, on unconsolidated basis, the company reported sales - net of PKR 57,810,842,000 against PKR 58,476,066,000 a year ago. Profit before taxation was PKR 33,105,759,000 against PKR 39,295,176,000 a year ago. Profit after taxation was PKR 22,138,952,000 or PKR 11.23 per basic and diluted share against PKR 26,506,247,000 or PKR 13.44 per basic and diluted share a year ago.

For the quarter, on consolidated basis, the company reported sales - net of PKR 27,146,796,000 against PKR 31,115,054,000 a year ago. Profit before taxation was PKR 13,925,060,000 against PKR 20,480,602,000 a year ago. Profit after taxation was PKR 8,968,163,000 or PKR 4.55 per basic and diluted share against PKR 14,103,708,000 or PKR 7.15 per basic and diluted share a year ago.

For the six months, on consolidated basis, the company reported sales - net of PKR 58,419,096,000 against PKR 59,311,005,000 a year ago. Profit before taxation was PKR 33,572,428,000 against PKR 39,366,373,000 a year ago. Profit after taxation was PKR 22,646,540,000 or PKR 11.49 per basic and diluted share against PKR 26,617,191,000 or PKR 13.50 per basic and diluted share a year ago.