Kot Addu Power Company Limited (KAPCO) has announced its half-year FY2021 Financial results where its net profits stood at PKR 11.4 billion (EPS: 13.06) marking a 2% decline as compared to the earnings of the same period last year.
Sales Revenue of the company declined by 23% on account of lower Power dispatches of 1,991 GWh in 1HFY21 as compared to , 2,277 GWh in same period last year.
KAPCO’s cost of sales also declined by 34% owing to lower production. KAPCO also witnessed a 37% decline in its non-core income owing to lower interest income and lower receivables.
KAPCO’s finance cost also declined by 66% amid decline in interest rates on its short term borrowing.
|Rupees in ‘000||Dec-20||Dec-19||% Change|
|Cost of Sales||(22,685,678)||(34,363,914)||-34%|
|Profit before taxation||16,197,477||16,210,601||0%|
|Earnings per share||13||13||-2%|