ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL) board of directors in its meeting on Thursday announced the financial results for the quarter ended September 30, 2016. The company’s net sales revenue was registered as Rs 39.565 billion and profit after tax stood at Rs 14.631 billion, translating into earnings per share of Rs 3.40 in the first quarter for the year 2016-17. The BoD announced first interim cash dividend at Rs 1.50 per share. The dividend would be paid to the shareholders whose names will appear in the Register of Members on December 12, 2016. During the period under review, the company paid Rs 6.202 billion on the account of taxes. On the exploration and development side, company recorded significant enhancement in seismic efforts and drilling activities. The BoD appreciated the efforts of the management for ensuring financial discipline, accelerating project development, undertaking record exploratory work and implementing HR reforms during the period.