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SNGPL AGM 2023-24 Summary

Published 24 May 2025

Financial Highlights

  • Profit Before Tax: Rs. 29,843 million
  • Profit After Tax: Rs. 18,977 million
  • Earnings Per Share: Rs. 29.92
  • Dividend Approved: Rs. 7.50 per share (75%)

Key Achievements

  • Unaccounted for Gas (UFG) Reduction:
    • UFG losses reduced from 5.15% to 4.93%
    • Lowest disallowance in 18 years
    • Gas savings: Over 1,269 MMCF through proactive measures, technology adoption, and stringent monitoring

Shareholder Approvals

  • Dividend: Final cash dividend of Rs. 7.50 per share (75%) for FY 2023-24
  • Auditor Re-appointment: M/s. A.F. Ferguson & Co., Chartered Accountants, re-appointed as external auditors for FY 2024-25

Meeting Details

  • Date and Location: May 22, 2025, Avari Hotel, Lahore
  • Key Attendees:
    • In-person: Mr. Saadat Ali Khan (Chair), Ms. Faaria Rehman Salahuddin, Mr. Ahmed Chinoy, Mr. Faisal Iqbal, Mr. Saqib Arbab, Mr. Kamran Akram, Mr. Imtiaz Mehmood
    • Via video link: Mr. Amer Tufail (Managing Director), Mr. Tariq Iqbal Khan, Mr. Muhammad Ramzan, Ms. Saira Najeeb Ahmed, Mr. Zafar Abbas
  • Interactive Session: Shareholders provided suggestions and received satisfactory responses
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