Home / Dividend Distribution / Sui Northern Gas Pipelines Limited’s Un-Audited financial results for the 1st quarter ended September 30, 2011

Sui Northern Gas Pipelines Limited’s Un-Audited financial results for the 1st quarter ended September 30, 2011

Karachi: This is to inform you that the Board of Directors of the Company at its meeting held on October 19, 2011 approved the un-audited Accounts for the 1st Quarter ended September 30, 2011. The financial performance of the Company for the three months ended September 30, 2011 compared with the corresponding period last year is enclosed as per Annex-I.

We shall be sending you in due course of time 300/100 copies of printed Accounts for the 1st Quarter ended September 30, 2011 for distribution amongst the Members of the Exchange. The said Accounts are being placed on the Company’s Website and also being transmitted to the SECP and respective Stock Exchanges for display on their Websites.

Profit and Loss Account for the Period Ended September 30, 2011 (Un–Audited)

Quarter ended
2011 2010
(Rupees in thousands)
Gas sales 51,062,816 47,867,981
Add / (Less): Differential margin / (Gas development surcharge) (2,531,352) (16,782,871)
———- ———-
48,531,464 46,189,694
Cost of gas sales 47,814,321 45,376,896
Gross profit/loss 717,143 812,798
Other Operating Income 1,521,201 1,692,336
———- ———-
2,238,344 2,505,134
Operating expenses:
Selling cost 631,092 496,274
Administrative expenses 542,337 517,279
Other operating expenses 39,893 62,813
———- ———-
1,213,322 1,076,366
———- ———-
Operating profit 1,025,022 1,428,768
Finance Cost 766,555 719,451
———- ———-
Profit before taxation 258,467 709,317
Taxation 90,285 247,859
———- ———-
Profit for the period 168,182 461,458
———- ———-
Earnings per share – basic arid diluted (Rs) 0.31 0.84

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

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