Sui Southern Gas Company Limited’s un-audited financial statements for the 1st quarter ended 30 September 2011

Karachi: We have to inform you that the Board of Directors of the Company in the meeting held on 27 October 2011 at 11:00 a.m. at SSGC Head Office Building, Gulshan-e-Iqbal Karachi, recommended the following:

1. Cash Dividend    Nil
2. Bonus Issue      Nil
3. Right Shares     Nil

The financial results as approved by the Board of Directors of the Company are enclosed for your record and publication.

Profit and loss account (un-audited) for the quarter ended 30 September 2011

 

2011

2010

(Rupees in thousands)

Sales 34,820,45034,034,170
Sales tax(4,292,194) (4,407,376)
———-———-
30,528,25629,626,794
Gas development surcharge385,189 (1, 103,122)
 ———-———-
Net sales 30,913,44528,523,672
Cost of sales(30,177,776)(28,341,031)
 ———- ———-
Gross profit735,669 182,641
Administrative and selling expenses (673,132)(617,835)
Other operating expenses (98,900)(109,374)
 ———- ———-
 (772,032) (727,209)
———- ———-
(36,363) (544,568)
Other operating income762,1581,086,795
 ———- ———-
Operating profit725,795 542,227
Other non-operating income2,301,056 2,238,517
Finance cost(1,802,554) (1,067,250)
 ———-———-
Profit before taxation1,224,297 1,713,494
Taxation  (428,504)(599,723)
———- ———-
Profit after taxation795,7931,113,771
  ———-———-
(Rupees)
Basic and diluted earnings per share0.95 1.33

 

For more information, contact:
Sui Southern Gas Company Limited
SSGC House, Sir Shah Suleman Road,
Gulshan-e-Iqbal, Karachi – 75300, Pakistan
PABX Tel: 92-21-99021743-44
Fax: 92-21-99231702