PPL posts above Rs19 bn net profit

KARACHI: Pakistan Petroleum Limited (PPL) has posted a net profit of Rs19.70 billion for the year 2007-08, which is 17 per cent higher compared to previous year.According to financial results released here at Karachi Stock Exchange, PPL’s net profit for the last year stood at Rs16.80 billion.The earning per share for 2007-08 is Rs26.12. The company has announced 10 per cent bonus shares for its shareholders while an interim dividend of Rs16.50 per share has already been given.