The 58th Annual Normal Assembly of shareholders of Sui Northern Fuel Pipelines Restricted (SNGPL) was held on Tuesday, August 01, 2023 at Pearl Continental Lodge, Lahore. The shareholders of the Firm Accredited the Annual Accounts for the FY 2021-22 with revenue earlier than tax of Rs. 15.50 billion, revenue after tax of Rs. 10.37 billion and Incomes Per Shares of
Rs.16.34. The shareholders additionally permitted Money Dividend of 40% i.e. Rs. 4.zero per share on the suggestions of the Board of Administrators of SNGPL. The Shareholders of the Firm additionally re-appointed M/s. Yousaf Adil, Chartered Accountant as Auditors of SNGPL for FY 2022-23. Shareholders of the Firm additionally permitted the circulation / dissemination of Annual Audited Monetary Statements by means of QR-enabled code and web-linkas notified by the Securities and Change Fee of Pakistan.
The Chairperson, Ms. Roohi Raees Khan, apprised the shareholders that regardless of quite a few financial and monetary challenges, SNGPL continued to ship wonderful outcomes. She additional introduced that the Firm has declared dividends for the sixth consecutive yr. Chairperson appreciated the efforts of the Administration and UFG Management. She additionally appreciated the employees, and expert manpower for his or her devoted efforts for attaining the bold targets set by the Board.
An in depth interactive session was held. A lot of queries from the shareholders have been responded to by the Administration to their satisfaction.
Ms. Roohi Raees Khan, Chairperson, Mr. Manzoor Ahmed, Dr. Sohail Razi Khan, Mr. Mohammad Haroon, Administrators, Mr. Amer Tufail, Managing Director, Mr. Faisal Iqbal, Chief Monetary Officer and Mr. Imtiaz Mehmood, Firm Secretary have been current in individual whereas Mr.Ali Tahir, Mr. Shahbaz Tahir Nadeem, Syed Akhtar Ali, Administrators attended the assembly through video hyperlink. Senior Administration of the Firm was additionally current on the Annual Normal Assembly (AGM). The Chairperson, within the presence of the esteemed Board of Administrators, expressed honest appreciation for the exemplary endeavors undertaken by the Board Members, Administration, and Workers. Specific acknowledgment was prolonged to the Ministry of Power (Petroleum Division) for his or her steadfast help and invaluable steerage all through the course of operations. Mr. Amer Tufail, MD whereas acknowledging the help of the Board and the Ministry of Power (Petroleum Division) knowledgeable the shareholders that the sustainability of the Firm’s outcomes had been potential with the in a position steerage of the Board and devoted efforts by the staff.