Oil Search yet to declare dividend: Official

BY GEDION TIMOTHY
The Oil Search board is yet to declare dividends for the first half of this year for its shareholders, the company says.
A company spokesperson said profits for the first half of the year was yet to be declared
The Government has a 10.01 per cent share in Oil Search for the second quarter of this year.
The spokesperson said a revenue of K875 million was recorded for the second quarter but the company was yet to announce its half-year profit and subsequently the dividends.
The spokesperson said the interim dividend would be announced on August 23.
“The board has not yet determined the amount of the interim dividend,” the spokesperson said.
“If a dividend is declared by the Board, it will be paid on Sept 27.”
The spokesperson said dividends payable to the Government were yet to be decided by the Oil Search Board. The Government’s Oil Search shareholding is held by Kumul Petroleum Holdings and any dividend declared will be paid to Kumul Petroleum Holdings Ltd.