Karachi, Sui Northern Gas pipelines Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on February 24, 2018.
The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2017 which portrayed a profit of Rs. 1,940,576 with earnings per share 3.06 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Sui Northern Gas Pipelines Limited was incorporated in Pakistan as a public limited company. The foundations of the company are laid using the Companies Ordinance, 1984. The principle activities of the company are the purchase, transmission, distribution and supply of natural gas. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Lahore.
The symbol “SNGP” is being used by the stock exchanges for the shares of Sui Northern Gas Pipelines Limited.