[vc_row][vc_column][vc_column_text dp_text_size=”size-4″]Shell Pakistan Limited’s (SPL) Board of Directors announced the company’s first-quarter results on May 4, 2023.
The company lost PKR 4,762 million after tax, compared to a profit of PKR 2,079 million in the same period last year.
The period saw the rupee depreciate, inflation rise, and macroeconomic uncertainty. Continued economic challenges have resulted in a slowdown in economic activity, a decrease in demand, and risks to the company’s supply security.
Also Read: PSO, Shell, and Attock all suffer as petroleum sales decline.
The company’s finances and profitability were also negatively impacted. SPL, on the other hand, was able to maintain its market share.
To strengthen its financial position and play a responsible role in society, SPL remains committed to operational excellence and safety performance.[/vc_column_text][/vc_column][/vc_row]
