BR Research

SSGCs profitability dips

Published March 1, 2012 Updated March 1, 2012 12:00am

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Sui Southern Gas Company Limited                                                          Sui Southern Gas Company Limited
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(Rs mn)                  1HFY12    1HFY11   chg  2QFY12   2QFY11   chg   (Rs mn)                 1HFY10   1HFY9    chg  2QFY10   2QFY9   chg
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Net Sales               62,848    58,366     8%  31,935   29,842    7%   Net Sales              53,883  49,401      8%  27,749  25,657    7%
Gross Profit             1,623     1,093    49%     888      910   -2%   Gross Profit              562      31     49%     932     955   -2%
Other Operating Income   1,532      2,010  -24%     770      922  -16%   Other Operating Income  1,532   2,011    -24%   1,074   1,226  -16%
Operating Profit         1,030       871    18%    304       329   -8%   Operating Profit          713     554     18%    305      329   -8%
Finance cost             3,596      2,410   49%   1,794    1,343   34%   Finance cost            3,596    2,411    49%     893     442   34%
Profit for the Period    1,539     2,113   -27%     744      999  -26%   Profit for the Period   2,687    3,260    -27%  1,255   1,511  -26%
EPS (Rs)                   1.75      2.40  -27%    0.84     1.13  -26%   EPS (Rs)                 3.05     3.70   -27%    1.42    1.71  -26%
Gross Margin              2.58%     1.87%         2.78%    3.05%         Gross Margin             3.12%   3.31%  3.49%   3.67%   3.86%
Operating Margin          1.64%     1.49%         0.95%    1.10%         Operating Margin         0.81%   0.65%  0.49%   0.33%   0.17%
Net Margin                2.45%     3.62%         2.33%    3.35%         Net Margin               3.09%   3.14%  3.19%   3.24%   3.29%
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Source: KSE notice Source: KSE notice