Karachi, April 30, 2020: Pakistan State Oil (PSO), the leading oil marketing company of Pakistan, convened its Board of Management (BoM) meeting on April 29, 2020 to review the company’s performance during the nine months of fiscal year 2019-20 that concluded on March 31st, 2020. Despite serious challenges faced by the economic and business world…
Karachi, September 25, 2019: Pakistan State Oil (PSO), the leading oil marketing company of the country, convened its Board of Management (BoM) at PSO Headquarters in Karachi to review the performance of the company during the financial year ended June 30, 2019. Despite the challenging economic scenario, reduction in the size and the increasing competition…
Karachi, April 22, 2019: Pakistan State Oil (PSO) posted 64 percent YoY decline in its third quarter of this fiscal year (3QFY19) earnings, below our expectations due to inventory loss of around Rs200 million during the outgoing quarter (vs. inventory gain of R1.7bn in 3QFY18) and lower penal income. The company recorded loss of around…
KARACHI, October 29, 2018: Profit after tax (PAT) of Pakistan State Oil (PSO) declined by some 16 percent during the first quarter of this fiscal year (FY19) compared to same period of last fiscal year (FY18). The country’s flagship oil marketing company has reported a PAT of Rs. 4.2 billion in Q1FY19 versus Rs 5.02…