The 62nd Annual General Meeting of Sui Southern Gas Company was held on June 30, here at a hotel. The primary business of the AGM was to receive and consider the audited financial statements of the Company for the year ended June 30, 2016 together with the Directors and Auditors\u2019 Report thereon. The meeting, attended by a large number of SSGC\u2019s shareholders, was chaired by Director Sardar Rizwan Kehar, a senior member of SSGC\u2019s Board of Directors.<\/p>\n
Other directors who represented the Company included, Nawabzada Riaz Nosherwani, Abdul Ghufran and Qazi Mohammad Saleem Siddiqui. The SSGC\u2019s management team was led by Amin Rajput, Acting Managing Director and included Muhammad Wasim Deputy Managing Director (Operations), Imran Farookhi Deputy Managing Director (Corporate Services), Fasihuddin Fawad Acting Chief Financial Officer and Senior Management of the Company. The directors opened the floor to a number of shareholders for discussing the financial statements for the FY 2015-16.<\/p>\n
As per the financial statements, during 2015-16, the Company recorded a net loss after tax of Rs 6,115 million after incorporating major disallowances and financial costs due to outstanding debts. In view of the Company\u2019s losses, the payment of dividend was not recommended. The Company\u2019s 62nd Annual Report dilated on the 42 inch dia, Transmission Pipeline Project through which SSGC is transmitting 600mmcfd RLNG from Karachi to consumption nodes up north.-PR<\/p>\n","protected":false},"excerpt":{"rendered":"