Pakistan Petroleum net profits surged by 20pct
1/25/2012 1:11:53 PM
KARACHI: The net profits of Pakistan Petroleum Limited surged by 20 percent to Rs 20,113.32 million during the first half of the financial year 1HFY12 against Rs 16,618.35 million recorded in the same period last year.
The oil & gas exploration company post healthy financial result owing to rise in average Arab Light Crude Oil prices along with the higher wellhead gas prices whereas healthy production flows from Tal and Naspha blocks also contributed to robust earnings of the company.
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