Profit after tax of Nishat Power increases

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Highlights - Corporate News

The profit after tax of Nishat Power Limited has increased to Rs 1,879. 083 million in the year ended June 30, 2011 (FY11) as compared to Rs 47. 176 million earned in the corresponding period in FY10. The board of directors of the company in its meeting held on Monday declared that the company s earning per share has increased to Rs 5. 307 in the period under review against Re 0. 135 in the same period last year.

According to the financial results sent to Karachi Stock Exchange (KSE), the company s sales increased to Rs 20. 986 billion in FY11 against Rs 1. 018 billion in FY10. The cost of sales increased to Rs 16,119. 394 million against Rs 795. 520 million. The company s administrative expenses increased to Rs 47. 523 million against Rs 17. 203 million while other operating expenses increased to Rs 50. 466 million against Rs 5. 451 million. The company s profit before taxation increased to Rs 1,892. 822 million in FY11 as compared to Rs 72. 2 million earned in FY10.

Courtesy: Business Recorder

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