Daily Times (Pakistan): Shell posts 20% rise in net profit
“But he said the company is losing its market share”
Staff Report
20 August 2004
KARACHI: Shell Pakistan Limited, country’s second largest oil marketing company, on Thursday announced full-year interim cash dividend of 35 percent after registering a 20.2 percent growth in net profit.
In a statement to the Karachi Stock Exchange (KSE), the company said its full-year 2003-04 net profit stood at Rs 1.508 billion compared to Rs 1.254 billion in the same period last year.
“Company’s net profit is improved due to inventory gains in the fourthquarter,” said Abdul Rasheed, an analyst at Investcap and Securities, a local brokerage house.
But he said the company is losing its market share but profit of the company would improve in the next fiscal year because of high international oil prices.
The company has announced a final cash dividend for the year ended June 30, at the rate of Rs 28.50 per share, or 285 percent.
Analysts said the company has declared 35 percent cash dividend this year.
Sales of the company improved by 1.29 percent to Rs 90.107 billion in the fiscal year 2003-04, compared to Rs 88.959 billion in the same period last fiscal year.
The company said its total revenues increased by Rs 1.215 billion or 1.35 percent to Rs 90.663 billion in 2003-04, compared to Rs 89.448 billion in 2002-03.
It said cost of products sold went up by 1.29 percent to Rs 72.973 billion compared to Rs 72.049 billion in the same period a year ago.
Operating profit of the company improved 21.2 percent to Rs 2.401 billion compared to Rs 1.978 billion corresponding period last year whereas financial charges of the company increased by 43.5 percent to Rs 73.8 million from Rs 51.4 million last year.
“Shell has lost market share to PSO and other small competitors in the last financial year,” said Abdullah Amin, an analyst at AKD securities.
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Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
