SSGC posts 7 percent growth in sales

Posted on 05.03.05 by StockPK Team @ 11:41 am    

The Board of Directors of Sui Southern Gas Company (SSGC) has approved the third quarter audited financial results ending on March 31, 2005. The company registered a 7 percent growth in sales volume during the period to 251,283 mmcf, and the corresponding sales value rose by 15 percent to Rs 38.7 billion. This increase was mainly contributed by the fulfilment of additional demand from fertiliser manufacturers and other industrial customers. As against this, there was a 23 percent increase in the cost of gas, primarily due to a change in the supply-mix of gas to more expensive fields, as supplies from older fields, like Sui gas field, continue to decline.