Financial results of Sui Northern Gas Pipelines Limited for quarter ended September 30, 2016
Karachi, Sui Northern Gas Pipelines Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on December 28, 2016. The agenda of the meeting was discussion of profit and loss account for quarter ended September 30, 2016 which portrayed a profit of Rs. 1,399,159 with earnings per share 2.21 basic and diluted respectively. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Sui Northern Gas Pipeline 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 Pipeline Limited.