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

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

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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 30^th 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.

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	109,555.00	110,525.00 109,360.00	-860.00 -0.78%
BRENT CRUDE	68.72	68.89 68.37	-0.08 -0.12%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	0.75 0.78%
ROTTERDAM COAL MONTHLY	108.45	0.00 0.00	0.25 0.23%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	67.03	67.18 66.69	0.03 0.04%
SUGAR #11 WORLD	16.37	16.40 15.44	0.79 5.07%