SNGPL net profit stands Rs 2.55 billion
LAHORE: The 47th Annual General Meeting (AGM) of Sui Northern Gas Pipelines Limited was held on November 30, 2010 at a local hotel Lahore.
It was chaired by the Chairman, Mian Misbah-urRehman.
The Company's Annual Accounts for the year ended June 30, 2010 were placed before the shareholders.
As per declaration the Company earned gross profit of Rs. 5,613 million whereas the net profit after tax was Rs. 2,555 million.
The proposed dividend @ 20% and the Annual Accounts of the Company for FY 200910 were approved by its shareholders.
The shareholders also approved the appointment of M/s. A.F. Ferguson & Co., Chartered Accountants, and M/s. M. Yousuf Adil Saleem & Co., Chartered Accountants, as Joint auditors, for the Company for the Financial Year 2010-11.