PSO profit surges to Rs11.2 billion

Pakistan State Oil (PSO) delivered a stable performance in 1HFY25, posting 44 per cent increase in its unconsolidated net profit to Rs11.2 billion, translating into earnings per share (EPS) of Rs23.81 compared to 1HFY24 profit of Rs7.8bn and EPS of Rs16.51. The petroleum giant earned an unconsolidated profit of Rs7.2bn (EPS: Rs15.35) during 2QFY25. In a meeting held on Thursday, the company’s board of management reviewed the financial performance for the half-year ended Dec 31, 2024. The group reported a net profit of Rs9.1bn, translating into EPS of Rs19.48. The company maintained its market position with 47.1pc of the white oil segment driven by sales of 3.6 million tonnes. Sustaining a strong presence in the diesel market, PSO captured 48pc share of the diesel market, with sales of 1.66m tonnes, while its MoGas (petrol) portfolio secured a market share of 41.5pc with 1.601m tonnes in sales.