Home / Financial Results / The Hub Power Company Limited’s financial results (un-audited) for the first quarter ended September 30, 2011

The Hub Power Company Limited’s financial results (un-audited) for the first quarter ended September 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held today at the Head Office of the Company commencing at 10.00 am approved the Un-Audited Financial Results for the Company’s First Quarter ended September 30, 2011. We have already informed that the consideration of an Interim Dividend was not on the Agenda at this meeting.

The Financial Results of the Company are attached

As required by you the quarterly financial results will be e-mailed to the exchange at apfs@kse.com.pk in Portable document format (PDF).  The quarterly financial statement of 300 copies will be sent to you shortly for distribution amongst the Members. The Quarterly financial statement will be also placed on our website shortly.

Condensed Interim Consolidated Profit and Loss Account (Unaudited) for the First Quarter Ended September 30, 2011

 

3 months ended

3 months ended

Sep 2011

Sep 2010

Note

(Rs. `000s)

(Rs. `000s)

Turnover  40,718,344 25,200,135
Operating costs 4 (37,626,450)  (23,274,031)
 ———- ———-
Gross Profit 3,091,894 1,926,104
Other income 23,559 11,289
General and administration expenses  (102,588)  (126,372)
Finance costs 5 (1,675,845) (558,921)
Workers profit participation fund 6  –
———- ———-
Profit before taxation 1,337,020 1,252,100
Taxation
– current  (1,850)  (2,680)
– prior years  – (10,231)
 ———-   ———-
Profit for the Period 1,335,170 1,239,189
———- ———-
Attributable to:
– Owners of the holding company 1,337,421 1,246,638
– Non-controlling interest (2,251)  (7,449)
 ———-  ———-
 1,335,170 1,239,189
  ———- ———-
Basic and diluted earnings per share attributable
to owners of the holding company (Rupees) 1.16 1.08

 

 

The annexed notes from 1 to 16 form an integral part of these consolidated financial statements.

Condensed Interim Unconsolidated Profit and Loss Account (Unaudited) for the First Quarter Ended September 30, 2011

 

3 months ended 3 months ended
 Sep 2011 Sep 2010
Note (Rs. `000s)  (Rs. `000s)
Turnover 40,718,344 25,200,135
Operating costs 4 (37,626,450) (23,274,031)
 ———-  ———-
Gross Profit  3,091,894 1,926,104
Other income 14,825 9,824
General and administration expenses (87,317) (107,990)
Finance costs  5 (1,778,743) (558,733)
Workers profit participation fund 6  –
 ———- ———-
Profit before taxation 1,240,659  1,269,205
Basic and diluted earnings per share (Rupees) 1.07  1.10

 

The annexed notes from 1 to 15 form an integral part of these consolidated financial statements.

For more information, contact:
The HUB Power Company Limited
Islamic Chamber Building
Block-9, Clifton
P. O. Box 13841, Karachi-75600
Tel: 92-21 587 4677-86
Fax: 92-21 587 0397
Website; http://www.hubpower.com

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