Kot Addu Power Company Limited (KAPCO) today announced financial results for the nine months period ending 31 March, 2018 reporting Sales at Rs. 61.606 billion; an increase of 13.66 percent. Furthermore, the company’s Gross Profit rose to Rs. 9.823 from Rs. 9.622 billion last year during the outgoing nine months.
On the expenses front, KAPCO reported 0.13 percent decrease in Administrative Expenses, 53.43 percent increase in Finance Costs, whereas, other operating expenses incurred by the company clocked in at Rs. 64.698 million during the period.
Furthermore, KAPCO also reported a 32.71 percent increase in Other Income reaching Rs. 4.718 billion during the nine months.
Kot Addu Power Company Limited reported profit after taxation at Rs. 6.602 billion against Rs. 6.760 million during the same period last year translating into an EPS of Rs. 7.50 vs. an EPS of Rs. 7.68 during the nine months ending March, 2017.
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Nine Months Ended, March 30th 2018
Key Financials
March, 2018
March, 2017
% Change
Amounts in PKR’ 000
Sales
61,606,053
54,200,218
13.66%
Cost of Sales
51,782,408
44,577,714
16.16%
Gross Profit
9,823,645
9,622,504
2.09%
Administrative Expenses
316,361
316,784
-0.13%
Other Operating Expenses
64,698
–
Other Income
4,718,509
3,555,529
32.71%
Profit from Operations
14,161,095
12,861,249
10.11%
Finance Cost
4,693,489
3,059,043
53.43%
Profit before Tax
9,467,606
9,802,206
-3.41%
Taxation
2,864,745
3,041,840
-5.82%
Profit after Tax
6,602,861
6,760,366
-2.33%
EPS – Basic and diluted
7.50
7.68
-2.34%
Company release on Earnings Report can be accessed here.
