KAPCO's earnings decline by 2% during 1HFY21

News Image

MG News | February 19, 2021 at 10:52 AM GMT+05:00

February 19, 2021 (MLN): Kot Addu Power Company Limited (KAPCO) has announced profits of Rs. 11.4 billion (EPS: 13.06) for the half-year ended December 31, 2020, which is merely 2% lower as compared to the earnings of the same period last year (SPLY).

According to a report by Arif Habib Limited, the sales of the company went down by nearly 23% on account of lower dispatches, from 2,277 GWh in SPLY to 1,991 GWh in 1HFY21. On the other hand, the cost of sales declined by 34% owing to rupee depreciation.

The company also witnessed a 37% decrease in its non-core income owing to lower interest rates and lower overdue receivables, the report added.

The lower interest rates also worked in the company’s favor as along with lower short-term borrowings, it resulted in a 66% decrease in finance cost.  

Consolidated Financial Results for the Half-Year ended December 31, 2020 (Rupees in '000)

 

Dec-20

Dec-19

% Change

Revenue

34,076,139

44,469,422

-23.4%

Cost of revenue

(22,685,678)

(34,363,914)

-34.0%

Gross profit

11,390,461

10,105,508

12.7%

Administrative expenses

(663,787)

(472,844)

40.4%

Other income

7,099,471

11,335,967

-37.4%

Finance cost

(1,628,668)

(4,758,030)

-65.8%

Profit before taxation

16,197,477

16,210,601

-0.1%

Taxation

(4,699,485)

(4,483,594)

4.8%

Profit for the year

11,497,992

11,727,007

-2.0%

Earnings per share

13.06

13.32

-2.0%

 

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 178,359.66
112.44M
0.38%
666.73
ALLSHR 107,948.34
184.46M
0.39%
420.95
KSE30 53,152.13
26.20M
0.24%
129.24
KMI30 255,499.22
29.39M
0.28%
709.95
KMIALLSHR 70,268.79
151.60M
0.47%
331.65
BKTi 48,080.98
2.70M
0.24%
114.33
OGTi 36,914.82
0.45M
0.22%
81.16
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 62,720.00 63,045.00
62,390.00
355.00
0.57%
BRENT CRUDE 76.44 76.91
75.94
-0.64
-0.83%
RICHARDS BAY COAL MONTHLY 115.00 0.00
0.00
0.00
0.00%
ROTTERDAM COAL MONTHLY 125.90 125.90
125.90
-0.15
-0.12%
USD RBD PALM OLEIN 1,157.50 1,157.50
1,157.50
0.00
0.00%
CRUDE OIL - WTI 72.62 73.18
72.07
-0.59
-0.81%
SUGAR #11 WORLD 13.93 14.03
13.75
0.09
0.65%

Chart of the Day


Latest News
June 24, 2026 at 10:36 AM GMT+05:00

PSX resumes GIS trading from June 29


June 24, 2026 at 10:33 AM GMT+05:00

Pakistan, Iran reaffirm peace commitment


June 24, 2026 at 10:13 AM GMT+05:00

NCCPL calls for May CGT payment by July 3



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg