PNSC posts decline in earnings

PNSC posts decline in earnings

KARACHI: Pakistan National Shipping Corporation (PNSC) has announced its financial result for the year ended Jun 30, 2011.

The net profit of Pakistan National Shipping Corporation recorded at Rs 612.40 million against Rs 711.53 million recorded in last year, with a decline of 14 percent.

Resultantly, the Earnings per share (EPS) for the year stood at Rs 4.64 against Rs 5.39 recorded in the same period last year.

The board of directors of the company met today (Wednesday) and has announced final cash dividend of Rs 1 per share for shareholders.