KAPCO reports Rs335 million decline in profit

By MG News | September 16, 2022 at 05:23 PM GMT+05:00

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September 16, 2022: Kot Addu Power Company Limited (KAPCO) announced results for FY22, wherein the company’s profits decline Rs 335mn down by 3.28%, the company’s stock filings on the stock exchange showed.

In the filing, the company posted a profit after taxation (PAT) Rs9.89billion down 3.28% against the Rs10.23bn in FY21, translating into earnings per share of Rs11.24 against Rs11.62 in FY21.

The top line of the KAPCO jumped to 63.14%, to Rs136.60bn against Rs50.35bn in FY21. Gross profit increased by 38.46%, to Rs8.53bn against Rs5.25bn in FY21. Profit Before Taxation up by 7.17%, to Rs15.52bn against Rs14.41bn in FY21.

The decline in profit is mainly due to increased taxation by 25.73% and Finance costs by 28.92%.

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