October 23, 2018 (MLN): Pakgen Power Limited (PKGP)’s increased inflow of non-core income successfully pulled the company out of a deteriorating performance, but the attainment could not last long as boosted finance cost turned growing operating profits into declining total profits.
The company’s financial earnings for the nine month period ended September 30, 2018, show that although Pakgen earned lower revenue and gross profits over corresponding period of last year, the company’s non-core income grew by Rs.35 million, thereby letting the operating profits rise by 1%.
Unfortunately, the company’s finance costs took a major leap of Rs.94 million, nullifying the momentary effect and steering the company’s bottom-line gains in a downward direction, as they fell by 7.9%,
Pakgen’s basic and diluted earnings per share have been recorded at Rs.2.48 per share, for the period.
Profit and Loss account for the nine month period ended September 30th 2018 (Rupees in '000)
