Karachi January 6 2022: Sui Southern Gas Company Limited (SSGC) turn to profitability in fiscal year 2021 after posting losses for last three years, according to company filing to the exchange.
Company reported profit of PKR 1,955 million in fiscal year 2021 compared to loss of PKR 21.3 billion in fiscal year 2022 due to increase in Other income and lower finance cost and taxation reversal.
Sui Southern Gas Company Limited’s main activity is transmission and distribution of natural gas in Sindh and Baluchistan. The Company is also engaged in certain activities related to the gas business including the manufacturing and sale of gas meters and construction contracts for laying of pipelines.
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