OGDC Earnings Expectation HY’09

OGDC Earnings Expectation HY'09 The company is expected to announce its result for HY'09 on Thursday, February 26, 2009. Our earnings expectation for the company for HY'09 is Rs. 32.08 billion (EPS: Rs. 7.46) Net income vs. Rs. 24.00 billion (EPS: Rs. 5.58) in the same period last year, depicting an increase of 33.7% y-o-y. We also expect the company to announce second interim cash dividend of Rs. 2.0 per share, in addition to Rs2.0 per share declared earlier. Our full year's expectation is profit after tax of Rs. 64.16 billion (EPS: Rs. 14.92) as against Rs49.61 billion (EPS: Rs11.54) in FY'08. We also expect the company to make full year's dividend payout of Rs10.0 per share for FY'09 as compared to DPS of Rs. 9.50 in FY'08.