PSO Reports Record-Breaking Profits in Fiscal Year 2021
After a loss after tax of Rs. 6.5 billion in the previous fiscal year, PSO announced a record-breaking gross income of Rs. 1.4 trillion and the highest ever profit after tax of Rs. 29.1 billion for the fiscal year 2020-21. (FY21).
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Based on the company’s extraordinary financial and operational performance, the Board of Management has declared a final dividend of Rs. 10/- per share (100 percent) in addition to the interim cash dividend of Rs. 5/- per share (50 percent) for the fiscal year 2020-21.
For the current fiscal year, the dividend per share is Rs. 15/- (150 percent). PRL, a PSO subsidiary, earned a profit after taxes of Rs. 0.94 billion in comparison to a loss of Rs. 7.6 billion in the previous year.
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In FY21, the Group had a profit after taxes of Rs. 29.6 billion, compared to a deficit of Rs. 14.8 billion in FY20.
The Board highlighted that despite the difficult economic climate and recurring pandemic waves, these results demonstrated PSO’s agility and portfolio strength.
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