Mari Petroleum Company Limited (MARI), one of Pakistan’s largest E&P companies, posted its highest-ever profit of Rs56.13 billion in FY23, up 70% year-on-year (YoY), compared to profit of Rs33.1 billion in the same period last year (SPLY).
Its Board of Directors in a meeting held on Tuesday reviewed the financial performance of the company for the period ended June 30, 2023.
The board announced the final cash dividend for the year at Rs58 per share i.e. 580%. This is in addition to the interim dividend already paid at Rs89 per share i.e. 890%. The recommended final dividend along with the interim dividend amounts to Rs147 per share i.e. 1,470%.
The company’s earnings per share (EPS) stood at Rs420.75 per share, against Rs247.84 per share in SPLY.