Earnings Report /
Pakistan

Oil & Gas Development: 4QFY21 review – misses expectations on lower revenues

  • OGDC’s 4QFY21 result has missed expectations due to much lower revenues. Payout is also lower

  • This is partly offset by lower exploration expenses and effective tax rate

  • We maintain our Buy stance on the scrip, based on significant undervaluation

Saad Ali
Saad Ali

Head of Research

Intermarket Securities
28 September 2021