The revenue dipped by 8%, while expenditure has been brought down by 22%. PHOTO: KE.COM.PK
K-Electric Limited posted a profit after tax of Rs6.544 billion in the third quarter (Jul-Sep) of 2015, up 108% from Rs3.147 billion recorded in the comparable period of the preceding year, according to a stock filing on Thurdsay.
EBITDA (Earnings before income, tax, depreciation and amortisation) registered a modest growth of 36%, ending at Rs10.93 billion. Finance cost was restricted to Rs1.671 billion, down by 39%, contributing to the profitability.
The revenue dipped by 8%, while expenditure has been brought down by 22%. Consequently, gross profit jumped to Rs14.322 billion, up 46%.
The better-than-average result led to a rally, pushing up the stock’s price. The listed stock’s price rose 3.73% on Thursday.
Published in The Express Tribune, October 30th, 2015.
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