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Monday, February 28, 2011

SSGC posts Rs2.1bn profit for 6 months


KARACHI, Feb 28: The Sui Southern Gas Company (SSGC) on Monday announced net profit of Rs2,113
million for the half year ended December 31, 2010, reflecting an increase of Rs1,894 million compared to
Rs219 million for the six months last year.
The earning per share (EPS) improved by Rs2.26 to Rs2.52.
Despite increase in the number of gas producing fields the supply of gas decreased by 6.4 per cent to 202.7
bcf. However, despite the successive drop in gas supply to its major clients the company claimed success in
maintaining steady supplies to its customers base and the gas quota was allocated to the power sector,
industries and CNG stations in the best national interests.