Mari Petroleum (PSX:MARI) has announced one of the best results of FY-2024-25 and with that announced one of the most handsome payouts in its history. Rs 134 / share divdend plus 800% bonus shares means that the company has really made its shareholders happy.
25% increae in revenue with 38% increase in net profits shows why its one of the stronget companies in the KSE-100 as well as the Oil & Gas Exploration Sector.
The company made further announcements in its handout:
- Exploration: Company announced discoveries of hydrocarbons and appraisals from other locations.
- Mining: Company announced that its subsidiary company had received mining licences for two locations in Chaghi, Balochistan.
- AI and Cloud: Company announced that it was forming a new subsidiary that will look into AI and Cloud Computing.
Judging by these announcements the company is set to grow further in the coming years and one should have MARI in their portfolio keeping an investmnet horizon of 3-5 years at least.
You can read about the financial statement here
Mari Petroleum announces the best payouts in its history ever