SNGPL has earned profit before tax of Rs 605 million, while the profit after tax stood at Rs 415 million in the nine months ended March 31, 2011. Earning per share, during the period under review, was Rs 0.76. The company’s Board of Directors approved the un-audited third quarter accounts during a meeting held in Lahore. Gas sales, in terms of volume during the period, stood at 440,145MMCF as against 439,000 during the same period last year. Whereas, sales increased from Rs 115,949 million to Rs.140,391 million. The Directors have shown great concern regarding the increase in Unaccounted for Gas (UFG) and have recently deployed a UFG reduction programme that uses latest technologies and improved vigilance to reduce gas losses through theft and leakages. Initial results have been encouraging, providing confidence that the trend of rising UFG can be reversed.
