The Hub Power Company Limited (HUBCO) has posted Rs 2.965 billion net profit in the first nine months of current fiscal compared to Rs 1.991 billion in the same period last fiscal, reflecting around 49 percent growth. The company’s earnings per share (EPS) rose to Rs 2.56 during period under review over Rs 1.72 in the corresponding period last year.
Analysts attributed the increase in the profit to higher electricity generation in the calendar year 2008 resulting in a generation bonus. Besides production bonus, interest income on overdue amount from WAPDA is likely to boost bottom-line of the company. Turnover totaled at Rs 67.335 billion in July-March 2008-09 against Rs 42.751 billion in the same period last fiscal. Operating costs also jumped to Rs 62.533 billion in the said period over Rs 39.219 billion in the previous year.
HUBCO operates an oil-fired power station with a net capacity of 1,200 MW located in Hub River estuary in Balochistan and also carries out the business of power generation and sale to water and Power Development Authority (WAPDA). Company received Rs 35.458 billon from WAPDA through the circular dept settlement arranged by the federal government.
PTCL: PTCL reported Rs 7.223 in first nine months of current fiscal compared to Rs 6.564 billion losses it incurred in the same period previous year. Its earnings per share also improved and came to Rs 1.42 compared to Rs 1.29 in the previous year, KSE’ notice stated Thursday.
Company’s gross revenue dropped to Rs 45.020 billion during the period under review compared to Rs 48.017 billion in the previous year and operating costs also fell as well during this period. Operating costs dipped to Rs 39.945 billion compared to Rs 37.832 billion in the last year. Financing costs surged to Rs 912 million compared to Rs 453 million in the previous year.
Bank Al-Falah Limited: Bank Al-Falah Limtied registered 122 percent negative growth in its net profit to Rs 448.403 million in first quarter of current calendar year over Rs 997.718 million in the same period last year.
Earning per share also dropped to Rs 0.56 compared to Rs 1.25 in the last year, a notice of KSE stated Thursday. Banks’ income on markup and interest remained almost flat by coming to Rs 2.765 billion in the period under review over Rs 2.652 billion whereas the net non markup and interest income dropped during this period.
Analysts attributed the increase in the profit to higher electricity generation in the calendar year 2008 resulting in a generation bonus. Besides production bonus, interest income on overdue amount from WAPDA is likely to boost bottom-line of the company. Turnover totaled at Rs 67.335 billion in July-March 2008-09 against Rs 42.751 billion in the same period last fiscal. Operating costs also jumped to Rs 62.533 billion in the said period over Rs 39.219 billion in the previous year.
HUBCO operates an oil-fired power station with a net capacity of 1,200 MW located in Hub River estuary in Balochistan and also carries out the business of power generation and sale to water and Power Development Authority (WAPDA). Company received Rs 35.458 billon from WAPDA through the circular dept settlement arranged by the federal government.
PTCL: PTCL reported Rs 7.223 in first nine months of current fiscal compared to Rs 6.564 billion losses it incurred in the same period previous year. Its earnings per share also improved and came to Rs 1.42 compared to Rs 1.29 in the previous year, KSE’ notice stated Thursday.
Company’s gross revenue dropped to Rs 45.020 billion during the period under review compared to Rs 48.017 billion in the previous year and operating costs also fell as well during this period. Operating costs dipped to Rs 39.945 billion compared to Rs 37.832 billion in the last year. Financing costs surged to Rs 912 million compared to Rs 453 million in the previous year.
Bank Al-Falah Limited: Bank Al-Falah Limtied registered 122 percent negative growth in its net profit to Rs 448.403 million in first quarter of current calendar year over Rs 997.718 million in the same period last year.
Earning per share also dropped to Rs 0.56 compared to Rs 1.25 in the last year, a notice of KSE stated Thursday. Banks’ income on markup and interest remained almost flat by coming to Rs 2.765 billion in the period under review over Rs 2.652 billion whereas the net non markup and interest income dropped during this period.
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