Sui Northern Gas Company Ltd. Gas Sales for the period increased by 22.92%, amounting to a total of Rs. 89.06 billion rupees during the quarter ended September, 30th 2017
The Differential Margin for the period also witnessed a significant rise, more than 131% during the reported quarter.
In addition to that, SNGPL’s Other Operating Income for the period increased by 59.66%
Company reported a Profit after Tax of Rs. 1.91 billion an increase of 37.13% compared to 1.39 billion during the same quarter last year
The company’s EPS increased by 37.10% from 3.03 to 2.21 Rupees
SNGPL’s interim Cash Dividend for the quarter reached at Rs. 1.50 per share at the rate of 15%
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Quarter Ended, September 30th 2017
Key Financials
2017
2016
% Change
Amounts in PKR ‘000
Gas Sales
89,064,208
72,458,349
22.92%
Add: Differential Margin
4,614,726
1,993,714
131.46%
Less: Cost of Sales
89,617,277
70,602,072
26.93%
Gross Profit
4,061,657
3,849,991
5.50%
Other Operating Income
3,150,996
1,973,628
59.66%
Selling Cost
1,133,536
1,204,094
-5.86%
Administration Expense
1,369,299
1,139,192
20.20%
Other Operating Expenses
146,551
128,034
14.46%
Operating Profit
4,563,267
3,352,299
36.12%
Finance Cost
1,822,397
1,353,501
34.64%
Profit before Taxation
2,740,870
1,998,798
37.13%
Taxation
822,260
599,639
37.13%
Profit for the period
1,918,610
1,399,159
37.13%
EPS – Basic & diluted
3.03
2.21
37.10%
Company release on Earnings Report can be accessed here.
