Analyst Research Report Snapshot


Depicting growth but defying high expectations: OGDC result review 1HFY’13




AL Habib Capital Markets (Private) Limited


15 Mar 2013





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Oil and Gas Development Company Limited (OGDC) announced results for the 1HFY13 showing earnings growth of 18% YoY to PKR49.2bn (EPS: PKR11.45) compared to PKR41.6bn (EPS: PKR9.67) in the same period last year. In the 2QFY13 the result shows an increase of 20% YoY in PAT to PKR23.6bn (EPS: PKR5.48). The company also declared an interim dividend of PKR2.0 per share making half year payout to reach PKR3.75 per share.

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