Annual Report 2012-2013 of Oil and Natural Gas Corporation Limited

It is a broadly described annual report of Oil and Natural Gas Corporation Limited in the year of 2012-2013. During the financial year, The Company registered Gross revenue of Rs. 833,090 million (Rs. 768,871 million in 2011-12), up 8.35 percent. Despite volatile markets and sharing of highest-ever under-recoveries of Rs. 494,207 million during the year, The Company has earned a Profit after Tax (PAT) of Rs. 209,257 million (Rs. 251,229 million in 2011-12), down 16.70 percent. The Company paid interim dividend of Rs. 9.00 per share (180 percent) in two phases (Rs. 5.00 and Rs. 4.00).

The Board of Directors has recommended a final dividend of Rs. 0.50 per share (10 per cent) making the aggregate dividend at Rs. 9.50 per share (190 per cent) as compared to Rs. 9.75 per share (195 per cent) paid in 2011-12. The total dividend will absorb Rs. 81,277 million, besides Rs. 13,012 million as the tax on dividend and works out to 45.06 percent of PAT against 38.49 percent in 2011-12.

More Annual Report of Oil and Natural Gas Corporation Limited: