KAPCO posts 165pc growth in profits | CustomNews.pk

KAPCO posts 165pc growth in profits

KARACHI: Kot Addu Power Company (KAPCO) has announced a net profit of Rs5.88 billion for the quarter ended December 31, 2018, which is 165 percent higher than the profit of Rs2.214 billion recorded in the corresponding quarter last year. The earnings per share (EPS) for the quarter under review clocked in at Rs6.68 as against Rs2.52 last year. The company did not announce any payouts along with the corporate announcement. The sales revenue for the quarter ended December 31, 2018 stood at Rs12.625 billion, down 31.5 percent compared with the revenues of Rs18.44 billion in the corresponding quarter ended December 31, 2017. Kot Addu Power Company (KAPCO) other income surge massively to Rs7.31 billion during the period under review as against income of Rs1.58 billion last year, while Finance Cost also increased to Rs2.3 billion as against Rs1.48 billion last year. For the six month period ended December 31, 2018, KAPCO posted a net profit of Rs8.99 billion translating into EPS of Rs10.22 as against profit of Rs4.39 billion and EPS of Rs4.99 in the corresponding period previous year. [the_ad id="31605"]
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