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Kot Addu Power Company Limited’s financial results for the first quarter ended September 30, 2011

Karachi: We have to inform you that the Board of Directors of Kot Addu Power Company Limited (KAPCO) (the “Company”) in their meeting held on October 24, 2011 at 1:00 p.m. at Islamabad has recommended no cash dividend, bonus or right issue of the shares.

The financial results of the Company are as enclosed herewith.

Condensed Interim Profit and Loss Account for the Quarter Ended September 30, 2011 (Un-Audited)

 

Quarter ended

September 30,

September 30,

2011

2010

(Rupees in thousands)

Sales 22,096,313 16,200,603
Cost of sales (19,633,364) (12,893,702)
 ———- ———-
Gross profit 2,462,949 3,306,901
Administrative expenses (89,873)  (139,947)
Other operating income 2,239,348 1938,823
 ———- ———-
Profit from operations 4,612,424 5,105,777
Finance cost  (2,788,113) (2,014,736)
 ———- ———-
Profit before tax  1,824,311 3,091,041
Taxation (626,752) (1,053,649)
 ———-  ———-
Profit for the period 1,197,559  2,037,392
———- ———-
Earnings per share – basic and diluted 1.36 2.31

 

For more information, contact:
Kot Addu Power Company Limited
5 B/3, Gulberg, III
Lahore 54660, Pakistan
UAN: +92 42 111 152 726
PABX +92 42 3577 2912-21
Fax: +92 42 3577 2922

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