Shell Pakistan announces financial results for H1 2023.

Karachi, August 16 th , 2023 – The Board of Directors of Shell Pakistan Limited (SPL) announced half year
results for the company on August 16th. The company posted a profit after tax of PKR 3.5 billion compared to the profit after tax of PKR 7.5 billion made in the same period last year.
On June 14 th , 2023, Shell Petroleum Company Limited, a subsidiary of Shell plc, announced its intention to sell its holding in SPL.
The period witnessed devaluation of the Rupee, rising inflation and macroeconomic uncertainty. Continued
economic challenges resulted in slowdown in economic activity, decrease in demand and risks to supply
security for the company. The results also reflect the impact of one-off technical service fee waiver received
from Shell International Petroleum Company.
The safety campaign, “Ehtiyaat Bunay Hifazat” to promote refuelling safety for 2 and 3 wheelers was
recognized by the regulatory authority. The Company is keen to bring about a mindset and behaviour change
amongst people to help drive this industry change.
SPL remains committed to operational excellence, safety performance, to further strengthen its financial
position, and play a responsible role in society.