The results for the first half of the year are announced by Shell Pakistan Limited’s (SPL) Board of Directors. In comparison to the profit of Rs2,153 million recorded during the same period last year, the company reported an after-tax profit of Rs7,469 million in 2022.
The significant rebound is a result of increased company performance with a strategic focus, a positive shift in the government’s pricing methodology for the S&P Global Platts indexes, and safe and effective fuel operations.
According to Brecoder, the petroleum business added 13 new retail locations during this span, that will contribute to increased volume. In the market for premium fuels, Shell V-Power continues to be the market leader.
In order to ensure that the business plays a significant part in the development of Pakistan’s energy future, the company will actively work to curtail the impact of present impediments and strive to grasp opportunities.
Earlier, the business also confirmed its decision to cease its aviation operations in Pakistan. Currently, SPL operates its aviation-related business out of four locations.
Including Nawabshah Airport, Begum Nusrat Bhutto Airport in Sukkur, Quetta International Airport, and Jinnah Airport in Karachi. SPL has concluded that it is no longer commercially viable to continue with its aviation operations in the country after careful consideration.
In order to promote practices that will make Pakistani roads safer, the business also wrote the road safety book “Once Upon a Road.” The book will be covered in Pakistan’s sixth-grade curriculum developed by the Care Foundation.
