According to Sui Northern Gas Pipelines Limited’s latest report, during the period ended September 30, 2023, the Company earned a profit after tax amounting to Rs. 3,706 million, compared to Rs. 2,577 million during the corresponding period last year. The earnings per share (EPS) for the period under review are Rs. 5.84, an increase from Rs. 4.06 for the same period last year.

The increase in profit for the period is primarily attributed to the following reasons:

The Unaccounted-For Gas (UFG) losses during the period under review decreased from 6,646 MMCF (7.37%) during July-September 2022 to 4,926 MMCF (5.29%) during July-September 2023. Despite the regulator’s new UFG benchmark, this significant achievement has resulted in zero UFG disallowance compared to Rs. 1,549 million in the corresponding period last year.

– The guaranteed rate of return on assets under the tariff regime increased from 16.60% in FY2022-23 to 20.64% for FY2023-24.

Despite unprecedented economic challenges and financial constraints, your Company has maintained a steady stream of profitability for its stakeholders.

The Company’s Board of Directors, Management, and staff are confident that the Company’s focus is correct and performance will improve in the coming years.