Earnings per share (EPS) of the company increased to Rs6.03 compared with an EPS of Rs4.20 in the period under review.
The growth in earnings was primarily driven by a 17% year-on-year increase in volumes amid growth in dispatches and 690 basis points (bps) expansion in margins following year-on-year lower fuel and power costs, according to a BMA report.
However, on a sequential basis, the earnings were down 13% quarter-on-quarter in the period following a quarter-on-quarter margins attrition of 3.3 percentage points (pps) due to reversal in coal and power prices and 7% quarter-on-quarter decline in revenue due to seasonal slowdown in dispatches.
On the Pakistan Stock Exchange, investors eagerly rushed in to buy ACPL stocks after better-than-expected results with the share price increasing Rs3.70 to close at Rs251.43 on Thursday. However, excitement was witnessed in the bourse in general with benchmark KSE-100 index rising 1.52%.
Published in The Express Tribune, October 21st, 2016.
Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ