Sui Southern Gas Company Limited’s financial results for the un-audited half yearly accounts for the period ended 31 December 2011

Karachi: We have to inform you that the Board of Directors of Sui Southern Gas Company Limited (SSGC) in their Meeting held on 29 February 2012 at 10:30 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.

For the Six Months period Ended December 31, 2011

 

Six months period ended

Three months period ended

December 31,

December 31,

December 31,

December 31

2011

2010

2011

2010

(Rupees in `000)

Sales68,916,95565,219,31634,096,50531,185,146
Sales tax(8,433,751)(8,267,505)(4,141,557)(3,850,129)
————-————————————-
60,483,20456,951,81129,954,94827,325,017
Gas development surcharge2,364,7801,413,8261,979,5912,516,948
————-————————————-
Net sales62,847,98458,365,63731,934,53929,841,965
Cost of sales(61,224,772)(57,273,033)(31,046,996)(28,932,002)
————-————————————-
Gross profit1,623,2121,092,604887,543909,963
Administrative and selling expenses(1,446,267)(1,514,876)(773,135)(897,041)
Other operating expenses(679,856)(716,426)(580,958)(606,185)
————-————————————-
(2,126,123)(2,231,302)(1,354,091)(1,503,226)
————-————————————-
(502,911)(1,138,698)(466,548)(593,263)
Other operating income1,532,4732,009,802770,315922,140
————-————————————-
Operating profit1,029,562871,104303,767328,877
Other non-operating income4,959,6504,791,4462,658,5942,552,929
Finance cost(3,596,159)(2,410,395)(1,793,605)(1,343,145)
————-————————————-
Profit before taxation2,393,0533,252,1551,168,7561,538,661
Taxation(853,590)(1,139,037)(425,086)(539,314)
————-————————————-
Profit for the period1,539,4632,113,118743,670999,347
————-————————————-

(Restated)

(Restated)

Basic/ diluted earnings per share (Rupees)1.752.400.841.13

 

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
Pipe Line Terminal,
University Road, Karachi-32