HUB Power company reports 2.8% growth in annual profit

Profit and Loss Account for the Year Ended June 30th 2018 (Rupees in '000)

Jun-18

Jun-17

% Change

Turnover

                     99,999,433

                  101,188,378

-1.17%

Operating costs

                  (81,720,455)

                  (83,928,576)

-2.63%

Gross Profit

                     18,278,978

                     17,259,802

5.90%

General and administration expenses

                     (1,524,972)

                     (1,365,449)

11.68%

Other income

                           218,863

                           156,372

39.96%

Other operating expenses

                        (109,941)

                           (76,754)

43.24%

Profit from operations

                     16,862,928

                     15,973,971

5.57%

Finance costs

                     (4,432,498)

                     (4,081,317)

8.60%

Gain on dilution of interest in associates - net

                                      -  

                               1,191

Share of loss from associates

                        (280,075)

                        (186,148)

50.46%

Profit before taxation

                     12,150,355

                     11,707,697

3.78%

Taxation

                        (485,572)

                        (359,215)

35.18%

Profit for the year

                     11,664,783

                     11,348,482

2.79%

Basic and diluted earnings per share - in Rupees

                                  9.56

                                  9.24

3.46%