Sui Southern Gas Company Limited (SSGC) has announced its financial results for the first half of the fiscal year 2024, showing a steady increase in earnings. The company recorded a net profit of Rs7.06 billion, which is about 8.5 percent higher than the Rs6.50 billion earned in the same period last year.
The company’s earnings per share also grew to Rs8.01. This reflects that SSGC has been able to maintain growth even while facing rising administrative expenses and operating in a difficult market environment.
A major contribution to this performance came from the gas segment, where revenue increased by more than 38 percent, reaching Rs244 billion. However, some tariff adjustments reduced the overall revenue slightly. Even with these challenges, the company’s operating profit rose by nearly 8 percent, standing at Rs13.54 billion. This highlights the strength and resilience of SSGC’s core operations.
The company also managed its finance and taxation costs carefully, which helped protect its earnings and supported the stronger profit levels reported.
These results indicate that SSGC has continued to perform well, despite various financial and market pressures. The company’s ability to balance revenue growth, cost management, and operational efficiency shows its ongoing importance in Pakistan’s energy sector.
Disclaimer: This report is for informational purposes only. The financial figures are the responsibility of the company and relevant authorities. Startup Pakistan does not take responsibility for their implementation or accuracy. The accompanying image is AI-generated and used only for illustration.
