Home / Financial Results / Sui Northern Gas Pipelines Limited’s declaration of cash dividend for the year ended June 30, 2011

Sui Northern Gas Pipelines Limited’s declaration of cash dividend for the year ended June 30, 2011

Karachi: We wish to inform you that the Board of Directors at its meeting held today i.e. Wednesday, September 22, 2011 have recommended cash dividend of Re. 1 per share @ 10% and bonus shares in the proportion of 5 shares for every 100 shares held i.e. 5% for the year ended June 30, 2011.

The Financial Results of the Company are enclosed (Annexure-I).

The Auditors have not made any qualification in their report, however, they have drawn the members attention to the Note No. 16.1 and 24.3 to the financial statements, details of which will be communicated while submitting the Animal Report to the Exchange.

The Annual General Meeting of the Company will be held on Monday, October 31, 2011 at 11:30 am at Hotel Avari, 87-Shahrah-e-Quaid-e-Azam, Lahore. The dividend, if approved by the shareholders at the said Annual General meeting will be paid to the shareholders whose names appear in the Register of Members as on Wednesday, October 19, 2011.

The Share Transfer Books of the Company will remain closed for 12 days from Thursday, October 20, 2011, to Monday, October 31, 2011 (both days inclusive). Share transfers received in order, at the office of our Shares Registrar, MIs Central Depository Company of Pakistan Limited (CUC), 2nd Floor? 307-Upper Mall, Near Mian Mir Bridge, Lahore or at the Registered Office of the Company, at the close of business, on Wednesday, October 19, 2011 will be treated in time for the purpose of entitlement of dividend.

 

Profit And Loss Account for the Year Ended June 30, 2011

 

2010 2010
Rupees in thousand
Gas sales 185,060,783 172,994,645
Add / (less): Differential margin /
(Gas development surcharge) 2,776,818  (11,364,817)
 ————- ————-
187,837,601 161,629,828
Less: Cost of gas sales 184,237,173 156,016,865
————- ————-
Gross profit 3,600,428 5,612,963
Other operating income 8,664,184 7,772,320
————-  ————-
12,264,612 13,385,283
Less:
Selling cost 3,577,149 2,092,261
Administrative expenses 2,912,904 2,147,649
————- ————-
6,490,053 4,239,910
————-  ————-
Operating profit 5,774,559 9,145,373
Less:
Finance cost 3,877,833 4,650,154
Other operating expenses 208,983 615,500
————- ————-
Profit before taxation and share of associate 1,687,743 3,879,719
Share in profit from associate – before tax 212
————- ————-
Profit before taxation 1,687,743 3,879,931
Taxation 562,722 1,325,368
————- ————-
Profit after taxation 1,125,021 2,554,563
 ————- ————-
Earnings per share basic and diluted – (Rupees) 2.05 4.65

 

For more information, contact:
Sui Northern Gas Pipelines Limited
Uzma Adil Khan
Company Secretary
Ph: 042-99201419
Fax: 042-99201317

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