The profit after tax (consolidated) of Hub Power Company Limited (Hubco) has increased to Rs 11.664 billion in the year ended June 30, 2018 as compared to Rs 11.348 billion earned in the corresponding period in 2017.
The company's earning per share surged to Rs 9.56 in the period under review against Rs 9.24 in the same period a year back. The board of directors of the company in its meeting held here on Monday recommended a final cash dividend for the year at Rs 2.80 per share i.e. 28 percent. This is in addition to interim dividends already paid at Rs 4.60 per share i.e. 46 percent.
According to the financial results sent to Pakistan Stock Exchange, the company's turnover stood at Rs 99.999 billion in FY18 against Rs 101.188 billion in FY17. The company's operating expenses reduced to Rs 81.720 billion against Rs 83.928 billion. The company's profit before taxation increased to Rs 12.150 billion in FY18 against Rs 11.707 billion in FY17.
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