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Karachi, In a recent meeting held on June 13, 2023, the Board of Directors of Sui Southern Gas Company Limited, based in Karachi, discussed and recommended various financial decisions. The company released its financial results for the nine-month period ended March 31, 2022, along with other important updates.
The board recommended no cash dividend or bonus shares to be issued. There were no right shares or any other entitlement or corporate action announced. Additionally, the company did not disclose any other price-sensitive information.
The financial results, approved by the Board of Directors, are provided in Annexure A and B. The unconsolidated condensed interim statement of profit or loss for the period ended March 31, 2022, revealed certain figures. The company experienced a loss of Rs. 6,156,898,000, compared to a loss of Rs. 3,554,916,000 in the same quarter of the previous year. The basic and diluted loss per share for this quarter were Rs. 4.19 and Rs. 0.66, respectively.
Similarly, the consolidated condensed interim statement of profit or loss for the period ended March 31, 2022, showed certain figures. The sales for the nine-month period amounted to Rs. 251,411,424,000, with a sales tax of Rs. 37,449,183,000 deducted. The net sales reached Rs. 266,894,923,000. The company’s gross profit amounted to Rs. 299,015,000, while the loss before taxation stood at Rs. 3,353,881,000. The loss for the period was reported as Rs. 5,544,961,000. The basic and diluted loss per share for this period were Rs. 4.16 and Rs. 0.62, respectively.