Sui Northern Gas Pipelines Limited profits fall by 2.03 percent to Rs. 5.980 billion
By MG News | April 30, 2018 at 12:30 PM GMT+05:00
Sui Northern Gas Pipelines Limited (SNGPL) today announced financial results for the nine months period ending 31 March, 2018 reporting Sales at Rs. 294.050 billion; up 28.60 percent from same period last year. Furthermore, the company’s Gross Profit rose to Rs. 14.783 billion from Rs. 9.818 billion last year during the outgoing nine months.
On the expenses front, SNGPL reported 1.07 percent increase in Selling Cost, 27.57 percent increase in Administrative Expenses, whereas, Other Operating Expenses incurred by the company went up by 220.54 percent during the period.
Furthermore, SNGPL also reported a 10.491 percent incline in Other Operating Income reaching Rs. 14.783 billion during the nine months.
Sui Northern Gas Pipeline Limited reported profit after taxation at Rs. 5.980 billion against Rs. 6.104 billion during the same period last year translating into an EPS of Rs. 9.43 vs. an EPS of Rs. 9.63 during the nine months ending March, 2017.
| Unconsolidated Profit and Loss Account - For the Nine Months Ended, March 30th 2018 | |||
|---|---|---|---|
| Key Financials | March, 2018 | March, 2017 | % Change |
| Amounts in PKR’ 000 | |||
| Sales | 294,050,183 | 228,653,219 | 28.60% |
| Add/(Less): Differential Margin/(Gas Development Surcharge) | 43,758,049 | 4,461,706 | 880.75% |
| Less: Cost of Sales | 323,025,044 | 214,372,893 | 50.68% |
| Gross Profit | 14,783,188 | 9,818,620 | 50.56% |
| Add: Other Operating Income | 10,491,304 | 11,218,232 | -6.48% |
| Less: Operating Expenses |
|
|
|
| Selling Cost | 3,702,667 | 3,663,535 | 1.07% |
| Administrative Expenses | 4,947,904 | 3,878,550 | 27.57% |
| Other Operating Expenses | 1,638,334 | 511,114 | 220.54% |
| Operating Profit | 14,985,587 | 12,983,653 | 15.42% |
| Less: Finance Costs | 6,393,637 | 4,240,103 | 50.79% |
| Profit before Taxation | 8,591,950 | 8,743,550 | -1.73% |
| Taxation | 2,611,399 | 2,639,071 | -1.05% |
| Profit for the Period | 5,980,551 | 6,104,179 | -2.03% |
| EPS - Basic and diluted | 9.43 | 9.63 | -2.08% |
Company release on Earnings Report can be accessed here.
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