Sui Northern Gas Pipelines Limited profits fall by 2.03 percent to Rs. 5.980 billion

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. 

Comparison of Key Financials

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.

Posted on: 2018-04-30T12:30:00+05:00