Hub Power Company (Hubco) has posted Rs 1.947 billion as profit after tax in three month period ended December 31, 2017 as compared to Rs 1.984 billion earned in the corresponding period in 2016. The company's earning per share stood at Rs 1.68 in the period under review against Rs 1.98 in the same period a year back. The board of directors of the company in its meeting held here recommended an interim cash dividend at Rs 1.50 per share ie 15 percent. This is in addition to interim dividend already paid at Rs 1.5 per share ie 15 percent.

According to the company's financial results sent to Pakistan Stock Exchange, the company's turnover increased to Rs 21.788 billion in this quarter against Rs 19.115 billion in the same period a year back while operating cost increased to Rs 19.101 billion against Rs 16.585 billion. The company's profit before taxation stood at Rs 1.953 billion in this quarter against Rs 1.984 billion in the same quarter a year back.

On six month period, the company's profit after taxation stood at Rs 4.128 billion translating earning per share of Rs 3.57 in the half year ended December 31, 2017 as compared to PAT of Rs 4.199 billion with EPS of Rs 3.63 in the same period in 2016.

Copyright Business Recorder, 2018