SNGPL's shareholders approve 40pc cash dividend
Business
SNGPL's shareholders approve 40pc cash dividend
LAHORE ( Dunya News) - The 58th Annual General Meeting of shareholders of Sui Northern Gas Pipelines Limited (SNGPL) was held on Tuesday at Pearl Continental Hotel, Lahore.
The shareholders of the company approved the annual accounts for the FY 2021-22 with profit before tax of Rs15.50 billion and profit after tax of Rs10.37 billion.
The shareholders also approved cash dividend of 40 per cent i.e. Rs 4.0 per share on the recommendations of the Board of Directors of SNGPL.
The shareholders of the company re-appointed M/s Yousaf Adil, chartered accountant as auditors of SNGPL for FY 2022-23.
The shareholders gave approval of the circulation / dissemination of annual audited financial statements through QR-enabled code and web-linkas notified by the Securities and Exchange Commission of Pakistan (SECP).
Chairperson Roohi Raees Khan apprised the shareholders that despite numerous economic and financial challenges, SNGPL continued to deliver excellent results. She announced the company had declared dividends for the sixth consecutive year.
MD Amer Tufail while acknowledging the support of the Board and the Ministry of Energy (Petroleum Division) informed the shareholders that the sustainability of the Company’s results had been possible with the able guidance of the Board and dedicated efforts by the team.
Director Mohammad Haroon, Managing Director Amer Tufail, Chief Financial Officer Faisal Iqbal and Company Secretary Imtiaz Mehmood were present while Directors Ali Tahir, Shahbaz Tahir Nadeem and Syed Akhtar Ali attended the meeting via video link.
