Sui Northern Gas Company Ltd. sales rise 23% to Rs. 89 billion

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By MG News | October 29, 2017 at 07:11 PM GMT+05:00

0:00
  • 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.

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