KARACHI: The Kot Addu Power Company Limited (Kapco) Tuesday announced financial results for the Quarter 3 ended on September 30 and declared profits of Rs2.40 billion (earnings per share of Rs2.74), up 40 percent against Rs1.72 billion (EPS of Rs1.96) in the corresponding period last year.
The company did not announce any cash dividend for the quarter. Sales of the company increased to Rs35.21 billion against Rs29.73 billion. However, its cost of sales also increased to Rs31.30 billion from Rs27.58 billion, while administrative expenses rose to Rs108.87 million from Rs92.05 million, it said. During the quarter under review, the company’s other income increased to Rs1.62 billion from Rs 650.11 million. Kapco paid taxes of Rs1.15 billion against Rs614.17 million in the corresponding period last year.
Meanwhile, Askari Bank Limited (AKBL) has announced financial results of quarter and nine-month ended September 30, declaring profit in nine-month of Rs3.11 billion (earnings per share of Rs2.47) against losses of Rs3.95 (loss per share of Rs3.13) billion in the corresponding period last year, a bank statement said on Tuesday.
