Financial results of Sui Southern Gas Company for Quarter ended September 30, 2020

Karachi, Sui Southern Gas Company informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on July 30, 2022.

The agenda of the meeting was discussion of unconsolidated and consolidated profit and loss account for quarter ended September 30, 2020 which portrayed a loss of Rs. 720,942 and 665,104 with loss per share 0.82 and 0.76 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Sui Southern Gas Company Limited’s main activity is transmission and distribution of natural gas in Sindh and Baluchistan. The Company is also engaged in certain activities related to the gas business including the manufacturing and sale of gas meters and construction contracts for laying of pipelines.

The total number of shares are 880,916,400. The Earnings per share is (20.88) in 2019 which was (16.86) in 2018. The Company had a loss of Rs. 18,394,768,000 in 2019 which was 14,848,208,000 in 2018.