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SNGPL s Shareholders Approve 70% Cash Dividend for FY 2020-21
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SNGPL shareholders approve 70% cash dividend for FY 2020-21
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SNGPL s shareholders approves 70% cash dividend for FY 2020-21
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Daily Times
July 31, 2021
The 56th annual general meeting of shareholders of Sui Northern Gas Pipelines Limited (SNGPL) was held on Thursday which approved Annual Accounts for the FY 2019-20 with profit after tax of Rs5,998 million translating into Earning Per Share (EPS) of Rs9.46.
The shareholders also approved Cash Dividend of 40pc i.e. Rs4.0 per share on the recommendations of the Board of Directors of the SNGPL, said a press release. Moreover, the shareholders re-appointed M/s Yousaf Adil, Chartered Accountant as Auditors for FY 2020-21.
The chairperson, Roohi Raees Khan, informed the shareholders that despite numerous economic and financial challenges, the SNGPL remained focused on yielding good results under the wise guidance of the board of directors along with consistent efforts of the management and staff. She added that the company declared the dividend for the third consecutive year.