February 13, 2020 (MLN): Nishat Power Limited (NPL) has posted net profits of Rs 2.49 billion for the half-year ended on December 31st 2019, translating into earning per share which clocked in at Rs 7 per share.
When compared with the corresponding period of last year, the profits grew by 31% YoY mainly due to higher penal income and a positive impact of USD indexation.
During the period, the Company posted a turnover of Rs 7.2 billion against the cost of sales of Rs 3.9 billion, resulting in a gross profit of Rs 3.3 billion which was 34.7% higher than gross profits of the same period last year.
Furthermore, due to the lower load factor, the cost of sales of the company declined by 39%YoY. As a result, the gross margins of the company improved from 28% to 46%.
In a higher interest rate environment, the financial charges of the company rose by 49% YoY on account of excess short-term borrowing.
Financial Results for the year ended December 31, 2019 ('000 Rupees)
