August 18, 2020 (MLN): Pakgen Power Limited company has announced the results for the half-year ended June 30, 2020, wherein the company has earned profits of Rs. 2.25 billion (EPS: 6.06), i.e. around 70% higher than the bottom-line income of the same period last year.

Even though the revenue of the company fell by 26%, the decline in the cost of sales by 58% helped in lifting the gross profits by almost 51%.

However, the company suffered some setbacks in the form of an increase in Administrative expense and non-core expense by 51% and 21% respectively, which was coupled with a decline in other income by 50%.

There was a minimal change of 4% in finance costs, whereas no income tax was paid during the period.

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