HUBC's net profits for 9MFY19 clock in at Rs 9 billion

News Image

MG News | April 30, 2019 at 12:05 PM GMT+05:00

0:00

April 30, 2019 (MLN): Hub Power Company Limited has posted Net Profits of Rs. 9 billion for the nine months ended March 31, 2019, indicating a growth of 4.25% as compared to the figures reported in corresponding period last year.

Even though the topline earnings declined by 39%, the company still managed to report an increase in gross profits by 15%, due to a comparatively larger fall in cost of sales.  

However, the company came under stress as finance costs went up by 52% on account of debt drawdowns for CAPEX amid rising interest rates.

Moreover, increase in share of loss from associates by 65% further constrained the financial position of the company.

The Earnings per share for the aforementioned period was stated at Rs. 7.41, around 3.64% higher than that of same period last year.

Profit and loss account for the nine months ended March 31 2019 (Rupees'000)

 

Mar-19

Mar-18

% Change

Turnover

44,339,992

73,786,333

-39.91%

Operating costs

(28,939,754)

(60,395,918)

-52.08%

GROSS PROFIT

15,400,238

13,390,415

15.01%

General and administration expenses

(1,080,243)

(1,113,352)

-2.97%

Other income

289,680

120,839

139.72%

Other operating expenses

(59,907)

(52,444)

14.23%

PROFIT FROM OPERATIONS

14,549,768

12,345,458

17.86%

Finance costs

(4,933,778)

(3,247,140)

51.94%

Share of loss from associates

(321,321)

(193,722)

65.87%

PROFIT BEFORE TAXATION

9,294,669

8,904,596

4.38%

Taxation

(285,338)

(262,184)

8.83%

PROFIT FOR THE PERIOD

9,009,331

8,642,412

4.25%

Basic and diluted earnings per share (Rupees)

7.41

7.15

3.64%

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 136,502.54
259.91M
1.64%
2202.77
ALLSHR 85,079.90
838.35M
1.26%
1061.74
KSE30 41,552.62
97.27M
1.81%
738.33
KMI30 193,330.76
84.69M
0.39%
741.60
KMIALLSHR 56,315.31
366.02M
0.43%
243.06
BKTi 38,498.08
37.91M
4.13%
1526.33
OGTi 28,138.38
5.66M
-0.36%
-101.89
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 120,035.00 123,615.00
118,675.00
1505.00
1.27%
BRENT CRUDE 69.31 71.53
69.08
-1.05
-1.49%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.25
0.26%
ROTTERDAM COAL MONTHLY 106.50 106.60
106.50
-2.20
-2.02%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.10 69.65
66.84
-1.35
-1.97%
SUGAR #11 WORLD 16.31 16.67
16.27
-0.26
-1.57%

Chart of the Day


Latest News
July 14, 2025 at 05:26 PM GMT+05:00

Gold price in Pakistan rises Rs1,600 per tola


July 14, 2025 at 04:59 PM GMT+05:00

Tax reforms focus on public ease, transparency


July 14, 2025 at 04:23 PM GMT+05:00

PSX Closing Bell: Another One Bites the High


July 14, 2025 at 04:06 PM GMT+05:00

PKR falls 25 paisa per USD



Top 5 things to watch in this week

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