In six months, Sui Southern reports a loss of Rs. 9.3 billion
The filings submitted to the stock exchange indicate that Sui Southern Gas Company Limited (SSGC) incurred more losses during the first half of 2023. Compared to the same time previous year, their losses rose to PKR 9.3 billion from PKR 1.9 billion.
This year’s first half saw a total loss for the firm of PKR 2,197 million. The profit they made last year, PKR 2,061 million, is a significant improvement from this. Additionally, their financing expenses increased by 35.5% to PKR 3,011 million.
The corporation also had to pay PKR 6,257 million in additional costs, which is 17.5% more than PKR 5,321 million from the previous year.
Sui Southern Gas Company Limited primarily transports and distributes natural gas in Baluchistan and Sindh. They also work on other gas-related projects, such as pipeline construction and gas meter manufacturing and sales.
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