Shell Pakistan earns profit of Rs296 million in third quarter

Staff Reporter BOL News

21st Oct, 2021. 07:45 pm

Shell posts quarterly loss as charge offsets oil surge. Image: File

KARACHI: Shell Pakistan posted a profit-after-tax of Rs296 million during the third quarter of 2021, a statement said on Thursday.

The board of directors of Shell Pakistan Limited (SPL) announced the third quarter results.

The nine months of 2021 saw a significant recovery, compared with a very tough last year. The encouraging turnaround is mainly driven by improved business performance focusing on strategic priorities such as differentiated fuels and lubricants, cost efficiencies and safety for employees and customers.

During this period, the mobility business successfully launched Shell recharge, an electric vehicle charging station in Karachi, in collaboration with the K-Electric Limited, aiming at leading the energy transition and provide the best-in-class customer value proposition in Pakistan.

The lubricants business is expanding its product offering through the diesel engine oil segment, which will help the company grow further. In collaboration with ‘Hands’ (Health and Nutrition Development Society), the company organised a Covid-19 vaccination drive through 15 mobile vaccination units in Karachi, Lahore and Multan with the aim at contributing to the government’s efforts and safeguard health and safety of the community.

A total of 12,500 individuals were vaccinated that also included community members around fuel stations and terminals.

The organisation continues to be at the forefront of the industry in Pakistan in ensuring safe operations across the business and focuses on inculcating a culture of safety through workshops and dialogue with staff, business partners, and industry partners.

Shell Pakistan will continue to actively work for minimising impact of current challenges and endeavour to capture opportunities to ensure the company plays a key role in developing Pakistan’s energy future.

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