Pakistan, Aug. 22 -- Financial Performance for the first half of 2019 has been released by Shell Pakistan Limited and according to reports it has incurred a loss of Rs. 1.44 billion. Although, Rs 1.60 billion profit was realized last year.

During the 2nd quarter, the company posted a loss of Rs. 1.70 billion as compared with a profit of Rs. 247 million in the same quarter last year.

However, the net sales of the company grew by 12.50% to Rs. 101.14 billion as compared with Rs. 89.90 billion in the corresponding period. The cost of sales was Rs. 92.72 billion, up by 13.61%, which took the gross profit to Rs. 8.41 billion.

Even though Shell Pakistan was able to maintain and grow its market share in a declining industry, its overall finan...