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Pakistan's OGDCL says FY08/09 net profit up 25 pct

Thu Aug 13, 2009 4:21am EDT

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KARACHI, Aug 13 (Reuters) - Oil and Gas Development Co Ltd. (OGDCL) (OGDC.KA), Pakistan's biggest-listed company, reported on Thursday a 25.26 percent rise in full-year net profit, in line with market expectations.

OGDCL said its full-year net profit for the fiscal year that ended on June 30 stood at 55.54 billon rupees ($673.4 million), against forecasts by six analysts of between 54.6 billion and 59.2 billion rupees.

OGDCL earned a net profit of 44.34 billion rupees last year.

By 0816 GMT, the company's shares were trading 1.91 percent down at 93.10 rupees in a broader market that was 0.48 percent lower. ($1=82.48 rupees) (Reporting by Faisal Aziz; Editing by Robert Birsel)



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