Shell Pakistan posts a profit in Q3 2019
Oct 22, 2019
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.
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.
The Company continues its focus on driving competitive business plans to deliver top quartile business performance.