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HomeEquitySui Northern Gas Pipelines Ltd. post profits worth Rupees 3.859 billion

Sui Northern Gas Pipelines Ltd. post profits worth Rupees 3.859 billion

Sui Northern Gas Pipelines today announced financial results for the half year ending December 31st, 2018. The gas giant reported profits worth Rupees 3.859 billion, up by 7.11% during the year. The gas sales at the company also reported an upward trend after posting total sales at Rupees 178.792 billion.

On the expenses front, the company reported a surge of 212% in other operating expenses which clocked in at 977 million for the period under review.

SNGPL posted a net profit after taxation at Rupees 3.859 billion, up 7.11% against a tally of rupees 3.603 billion during the second half of 2016.

The company reported an EPS of Rs. 6.08 vs. an EPS of Rs. 5.68 during year ending December, 2016. 

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Year Ended, December 2017

Key Financials

2017

2016

% Change

 

Amounts in PKR ‘000

Gas Sales

178,792,815

151,945,335

17.67%

Add/Less: Differential Margin/(Gas development surcharge)

25,730,073

367,941

6892.99%

Less: Cost of Sales

193,813,316

145,594,380

33.12%

Gross Profit

10,709,572

6,718,896

59.39%

Other Income

5,483,794

6,650,683

-17.55%

Selling Cost

2,364,961

2,398,729

-1.41%

Administrative Expenses

3,225,060

2,511,686

28.40%

Other Operating Expenses

977,460

312,953

212.33%

Operating Profit

9,625,885

8,146,211

18.16%

Finance Costs

4,064,216

2,975,559

36.59%

Profit before Taxation

5,561,669

5,170,652

7.56%

Taxation

1,702,482

1,567,647

8.60%

Profit after Taxation

3,859,187

3,603,005

7.11%

EPS – Basic and diluted

6.08

5.68

7.04%

Company release on Earnings Report can be accessed here.

Posted on: 2018-02-26T14:28:00+05:00
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