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Tuesday, November 26, 2024

Home Business HUBC earnings jump 113pc YoY

HUBC earnings jump 113pc YoY

by News desk
April 30, 2020
in Business

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Staff Reporter

Karachi

The Hub Power Company Limited (HUBC) announced its 3QFY20 financial result Tuesday where the company posted a profit after tax (PAT) of Rs. 7,201mn (EPS: Rs. 5.55), up by 128% YoY compared to Rs. 3,161mn (EPS: Rs. 2.44) during same period last year. The rise in earnings is witnessed due to recognition of share of profit from China Power Hub Generation Company (CPHGC).
This takes 9MFY20 earnings to Rs. 18,253mn (EPS: Rs, 14.07). During 3QFY20, net sales witnessed a decline of 12% YoY to Rs. 11,820mn due to lower dispatches.