Karachi, Sui Northern Gas Pipelines Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on January 07, 2019.
The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for year ended September 30, 2018 which portrayed a profit of Rs. 1,335,830 and Rs. 1,474,795 with earnings per share 1.52 and 1.67 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from February 07, 2019 to February 15, 2019 (both days inclusive).
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.