Announcement of Financial Results for the year ended 30th June 2023.

Karachi – Pakistan National Shipping Corporation (PNSC) Group achieved record-breakingnet profit after
tax amounting to Rs.30 billion during the year 2022-23 as compared to Rs.5.6 billion during the
preceding year.
The Board of Directors of PNSC on Wednesday 27th September 2023, announced the financial
results for the year ended June 30, 2023. According to results announced, the earnings per
share of the PNSC (Group) is Rs.227.11 as against Rs.42.75 in the comparable period last
year. PNSC has declared final cash dividend of Rs.15 per share (150%), which is also the
highest ever in the history of PNSC. Earlier during the year (2022-23). PNSC had announced
interim dividend of Rs. 5 per share (50%), making total cash dividend for the year, Rs. 20 per
share (200%).
Cumulatively, the Group achieved a turnover of Rs.54.8billion as compared to Rs.27.8billion last
year.The major increase in freight revenue was observed from the transportation of liquid cargo
which increased by Rs.22billion. During the year PNSC was able to successfully add to its fleet
two Aframax Oil Tankers (M.T. Sargodha & M.T. Mardan).
The Dry Cargo segment (including slot charter) increased by Rs.2.62billion due to major
increase in slot charter revenue business from Public Interest Entities.
The PNSC managed fleet comprises of twelve (12) vessels of various types /size (five bulk
carriers, five Aframax tankers and two LR-1 product tankers), having total deadweight tonnage
(DWT) of938,876 metric tons.