Net profit of Southern Gas Corridor up by 34%

In 2024, the net profit of Southern Gas Corridor (SGC) CJSC amounted to $1.71 billion, which is 33.9% more compared to 2023, Report informs, citing the company's audited annual financial statements.

Last year, SGC's sales revenue was $3.25 billion (5.9% more), and the cost of sales was $705.14 million (15.2% more).

At the end of 2024, the company's operating profit amounted to $2.04 billion (1.6% more). At the same time, SGC's financial expenses were 390.06 million (30.5% less). Overall, the company's profit before tax at the end of last year amounted to $1.88 billion (14.8% more).

According to the financial statements, at the end of 2024, SGC's assets are valued at $13.51 billion (11% less), including short-term assets of $3.48 billion (2.8% less), and long-term assets of $10.03 billion (13.4% less).

SGC's liabilities at the beginning of the current year amounted to $5.44 billion (33.6% less), including short-term liabilities - $628.23 million (5 times less), long-term - $4.81 billion (4.8% less).

The company's capital at the end of 2024 equals $8.07 billion (15.8% more), including charter capital of $2.42 billion (unchanged).