Monday, August 15, 2022
HomeEquityKAPCO’s net earnings jump by 84% in 1QFY20

KAPCO’s net earnings jump by 84% in 1QFY20

October 29, 2019 (MLN): Kot Addu Power Company (KAPCO) has declared earnings of Rs. 5.033 million (EPS: Rs. 5.72) for the quarter ended September 30, 2019, which translates into a growth of 84% over the same period of last year.

According to the explanation provided by various research houses, the massive increase in bottom-line earnings was a result of higher dispatches as well as increase in prices of furnace oil.

Moreover, PKR devaluation and rise in the prices of RLNG also helped in lifting the revenue, and in turn, net earnings of the company.

The other income of the company also surged by a remarkable margin, on account of better returns on short term investments.

Profit and Loss Account for the quarter ended September 30, 2019 ('000 Rupees)

 

Sep-19

Sep-18

% Change

Sales

35,365,481

31,595,289

11.93%

Cost of sales

(30,141,137)

(27,978,068)

7.73%

Gross profit

5,224,344

3,617,221

44.43%

Administrative expenses

(206,845)

(176,980)

16.87%

Other income

4,367,353

2,529,228

72.68%

Profit from operations

9,384,852

5,969,469

57.21%

Finance cost

(2,292,069)

(2,098,764)

9.21%

Profit before tax

7,092,783

3,870,705

83.24%

Taxation

(2,059,521)

(1,130,089)

82.24%

Profit for the year

5,033,262

2,740,616

83.65%

Earnings per share – basic and diluted (Rupees)

5.72

3.11

83.92%

 

Copyright Mettis Link News

Posted on: 2019-10-29T10:53:00+05:00

30810

RELATED ARTICLES
- Advertisment -

Most Popular