Sui Northern Gas reports record profit for FY 2023-24, announces 75% cash dividend
Web Desk
|
2 weeks ago
Sui Northern Gas Pipelines Limited (SNGPL) has posted the highest profit in its history for the fiscal year 2023–24, reflecting a positive shift in the economic environment.
The company recorded a pre-tax profit of Rs. 30 billion and a post-tax profit of Rs. 19 billion. In light of this strong performance, SNGPL has announced a 75% final cash dividend for shareholders.
According to the company spokesperson, earnings per share (EPS) stood at Rs. 29.92 — a significant increase compared to the previous year. Additionally, Unaccounted-for-Gas (UFG) losses were reduced to 4.93%, the lowest in the past 18 years.
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