SNGPL’s shareholders approve 40% cash dividend

Observer Report

The 56th annual general meeting of shareholders of Sui Northern Gas Pipelines Limited (SNGPL) was held on Thursdayat Pearl Continental Hotel, Lahore.

The shareholders of the company approved the annual accounts for the FY 2019-20 with profit after tax of Rs. 5,998 million translating into EPS of Rs 9.46.

The shareholders also approved Cash Dividend of 40% i.e. Rs. 4.0 per share on the recommendations of the Board of Directors of SNGPL.

Moreover, the Shareholders of the Company re- appointed M/s. Yousaf Adil, Chartered Accountant as Auditors for FY 2020-21.

The Chairperson, Ms. Roohi Raees Khan informed the shareholders that despite numerous economic, financial challenges, SNGPL remained focused on yielding good results under the wise guidance of the Board of Directors alongwith consistent efforts of the Management and staff.

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