SNGPL Reports Highest-Ever Profit and Dividend for FY 2023–24

LAHORE:  — Sui Northern Gas Pipelines Limited (SNGPL) has announced a record-breaking financial performance for the fiscal year ended June 30, 2024, declaring its highest-ever profit and final cash dividend. The company’s Board of Directors, during a meeting held in Lahore, approved a final dividend of Rs. 7.50 per share (75%), reflecting its strong financial standing.

SNGPL posted a historic profit before tax of approximately Rs. 30 billion, while profit after tax reached Rs. 19 billion — a substantial increase from Rs. 10.6 billion in the previous year. Earnings Per Share (EPS) soared to Rs. 29.92, up from Rs. 16.66, underscoring the company’s significant year-on-year growth.

Despite global economic uncertainties and rising geopolitical tensions, SNGPL demonstrated operational excellence and financial resilience. The Board particularly commended the company’s success in reducing Unaccounted for Gas (UFG) to 4.93%, the lowest level in the past 18 years, highlighting improved operational efficiencies.

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Chairman Mr. Ismail Qureshi praised the efforts of the Board, management, and employees, and extended special thanks to the Ministry of Energy (Petroleum Division) for its continued support and guidance. Managing Director Mr. Amer Tufail attributed the exceptional performance to collaborative efforts across all levels of the company and reaffirmed SNGPL’s commitment to sustainable growth and stakeholder value.

With a solid foundation and a forward-looking strategy, SNGPL is poised to maintain its trajectory of excellence and deliver long-term success.