Kot Addu Power Company Limited’s financial results for the half year ended December 31, 2012

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Karachi, February 21, 2013 (PPI-OT): 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 20, 2013 at 1.30 p.m. at Lahore recommended the following:

Cash Dividend:

An Interim Cash Dividend for the Quarter/Half Year Ended December 31, 2012 at Rs. 3.00 per share, that is, 30%.

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 14, 2013.

The Share Transfer Books of the Company will be closed from March 15, 2013 to March 22, 2013 (both days inclusive). Transfers received at the office of the Company’s Shares Registrar, THK Associate (Private) Limited, Ground Floor, State Life Building No.3, Dr. Zia-ud-Din Ahmed Road, Karachi at the close of business on March 14, 2013 will be treated in time for purposes of above entitlement  to the transferees.

	Quarter ended		Half year ended
	December 31,	December 31,	December 31,	December 31,
	2012	2011	2012	2011
	(Rupees in thousand)		(Rupees in thousand)
Sales	19,235,705	24,323,756	48,665,915	46,420,069
Cost of sales	(16,154,867)	(21,574,844)	(42,409,999)	(41,208,209)
	———-	———-	———-	———-
Gross profit	3,080,838	2,748,912	6,255,916	5,211,860
Administrative expenses	(150,248)	(112,325)	(260,269)	(202,198)
Other operating expenses	(24,762)	–	(24,762)	–
Other operating income	1,261,013	2,166,034	3,053,175	4,395,392
	———-	———-	———-	———-
Profit from operations	4,166,841	4,802,621	9,024,060	9,405,054
Finance cost	(1,288,805)	(2,830,479)	(3,555,011)	(5,608,602)
	———-	———-	———-	———-
Profit before tax	2,878,036	1,972,142	5,469,049	3,796,452
Taxation	(948,833)	(466,394)	(1,785,732)	(1,093,146)
	———-	———-	———-	———-
Profit for the period	1,929,203	1,505,748	3,683,317	2,703,306
	———-	———-	———-	———-
Earnings per share
-basic and diluted	2.19	1.71	4.18	3.07

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