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Home Business Shell Pakistan posts a profit in Q3 2019

Shell Pakistan posts a profit in Q3 2019

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Press Release – The Board of Directors of Shell Pakistan Limited announced the third-quarter results for the company on 22nd October. The company posted a profit after tax of PKR 570 million for the quarter ended September 30, 2019, compared to the profit of PKR 334 million made in the same period last year.

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Shell Pakistan Limited continued its focus on its strategic priorities and operational excellence in the quarter through macro-economic challenges in the country and successfully delivered a profit after tax. However, the overall financials for the nine months ended 30th September 2019, still present a challenging situation for the company; driven primarily by the unprecedented devaluation of the Rupee, the volatility in the international oil prices and increased minimum tax rates applicable to the company.

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The Company continues its focus on driving competitive business plans to deliver top-quartile business performance.

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