Kot Addu Power Company Limited’s financial results for the half year ended Deccmhec31, 2011

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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 February 15, 2010 at 10.30 a.m. at Islamabad recommended the following:

Cush Dividend:

An Interim Cash Dividend for the Quarter/Half Year Ended December 31, 2011 at Rs. 3.75 per share, that is, 37.50%.

The Financial results of the Company are as enclosed herewith.

The above entitlement will be paid to the shareholders whose names appear on the Register of Members on March 8, 2012.

The Share Transfer Books of the Company will be closed From March 9, 2012 to March 16, 2012 (both days inclusive). Transfers received at the office of the Company’s Shares Registrar, THK Associates (Private) Limited, Ground Floor, State Life Building No. 3, Dr. Zia-ud-Din Ahmed Road, Karachi at the close of business on March 8, 2012 will be treated in time for purposes of above entitlement to the transferees.

We will be sending you 300 copies of the printed accounts for distribution amongst the members of the Exchange in due course of time.

Condensed Interim Profit and Loss Account for the Quarter and Half Year Ended December 31, 2011 (Un-Audited)

 

	Quarter ended		Half year ended
	December 31,	December 31,	December 31,	December 31,
	2011	2010	2011	2010
	(Rupees in thousand)		(Rupees in thousand)
Sales	24,323,758	13,836,411	46,420,069	30,037,014
Cost of sales	(21,574,844)	(11,279,041)	(41,208,209)	(24,172,743)
	———-	———-	———-	———-
Gross profit	2,748,912	2,557,370	5,211,860	5,864,271
Administrative expenses	(112,325)	(88,755)	(202,198)	(228,702)
Other operating income	2,166,034	2,428,631	4,395,392	4,367,454
	———-	———-	———-	———-
Profit from operations	4,802,621	4,897,246	9,405,054	10,003,023
Finance cost	(2,830,479)	(2,149,471)	(5,608,602)	(4,164,207)
	———-	———-	———-	———-
Profit before tax	1,972,142	2,747,775	3,796,452	5,838,818
Taxation	(486,394)	(934,888)	(1,093,146)	(1,988,537)
	———-	———-	———-	———-
Profit for the period	1,505,748	1,812,887	2,703,306	3,850,279
	———-	———-	———-	———-
Earnings per share
basic and diluted	1.71	2.06	3.07	4.37

 

 

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
E-mail: info@kapco.com.pk
Web: www.kapco.com