K-Electric announced Financial Results for the year ended June 30, 2016.
The company’s Revenue for the period increased by 12 percent in the outgoing year, whereas the Profit after Taxation for the Period increased 16 percent.
The board has recommended no Cash Dividend, bonus shares or right shares.
Comparison of Key Financials:
Financial Results – For the Year Ended |
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Key Financials |
June 30, 2016 |
June 30, 2015 |
% Change |
Revenue |
166,747,750 |
148,514,246 |
12% |
Sale of energy – net |
22,880,854 |
41,844,708 |
-45% |
Tariff Adjustment |
189,628,604 |
190,358,954 |
0% |
Cost of Sales |
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Purchase of electricity |
54,309,231 |
71,844,708 |
-24% |
Consumption of fuel and oil |
57,266,315 |
59,950,311 |
-4% |
Expenses incurred in generation, transmission and distribution |
19,876,732 |
15,657,684 |
27% |
Gross Profit |
58,176,326 |
43,263,810 |
34% |
Services and Administration expenses |
30,714,925 |
21,738,496 |
41% |
Other operating Expenses |
3,120,463 |
3,021,952 |
3% |
Other Income |
6,660,303 |
6,332,850 |
5% |
Profit before Finance Cost |
31,001,241 |
24,836,212 |
25% |
Finance Cost |
5,099,520 |
9,759,729 |
-48% |
Profit before Taxation |
25,901,721 |
15,076,483 |
72% |
Taxation |
6,855,908 |
13,248,228 |
-48% |
Net profit for the year |
32,757,629 |
28,324,711 |
16% |
Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) |
43,985,524 |
34,337,469 |
28% |
Earnings per share – Basic and diluted |
1.19 |
1.03 |
16% |
Amounts in PKR ‘000
The complete statements can be accessed here.