Edevelop
ELITE MEMBER
- Joined
- Feb 2, 2007
- Messages
- 14,735
- Reaction score
- 23
- Country
- Location
The public sector marketing company-Pakistan State Oil recorded during the five months July to November 2013 a turnover of approximately Rs621 billion‚ representing a growth of 18 percent as compared to Rs525 billion during the same period last year.
According to an official source‚ in the first quarter financial year 2014‚ PSO reported highest ever quarterly earnings after tax of Rs7.8 billion in comparison to Rs4.3 billion during same period last year‚ witnessing a growth of 81%.
The source added PSO maintained its market leadership during Q1FY14 with overall market share of 63.8% whereas its share in Black Oil and White Oil stood at 75.9% and 52.5% respectively.
Similarly‚ the company's liquid fuel sales grew by 4.3% and the sales volume of Furnace Oil and Motor Gasoline grew by 6.7% and 17.4% respectively whereas the sales volume of High Speed Diesel dropped by 6.4%.
During the period July to November 2013‚ PSO successfully fulfilled the Furnace Oil demand of the public sector and private sector electricity generating companies.
Radio Pakistan-
The source added PSO maintained its market leadership during Q1FY14 with overall market share of 63.
