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Monday, November 25, 2024

Home Business KE profit slips during Q1 period

KE profit slips during Q1 period

by News desk
December 2, 2020
in Business

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Staff Reporter

Karachi

The Board of Directors of K-Electric Limited (KE) in its meeting held at the KE head office, approved the Company’s financial results for the quarter ended September 30, 2020. KE reported a net profit amounting to PKR 1.111 billion for the quarter ended September 30, 2020, translating into an Earning per Share (EPS) of PKR 0.04. KE has decided to invest the profits earned back into business.
During the reporting period, the Company made additional investment of PKR 7.97 billion across the value chain which along with resumption of industrial and commercial activities post uplifting of Covid-19 lockdown, resulted in 7.3% and 7% growth in units sent out .