Nishat Power Limited has posted Rs 732.969 million as profit after tax in the quarter ended September 30, 2016 as compared to Rs 929.553 million earned in the corresponding quarter in 2015. The company's earning per share has surged to Rs 2.070 in the period under review against Rs 2.625 in the same period last year. The board of directors of the company, in its meeting held on Monday at Lahore recommended interim cash dividend at Re 1.00 per share ie 10 percent for this quarter.
According to the financial results, the company's sales decreased to Rs 3.592 billion in this quarter against Rs 4.528 billion in the same quarter last year while cost of sales reduced to Rs 2.626 billion against Rs 3.311 billion. The company's profit before taxation stood at Rs 732.969 million in this quarter against Rs 929.553 million in the same period last year.