Nishat Chunian Power Limited (NCPL) has announced the financial results for six months ended December 31, 2019, whereby it has reported net profits of Rs. 2.09 Bn (EPS: Rs. 5.71), almost 13.1% higher than the profits of the same period last year.
During the period under review, NCPL’s sales declined by 8.24% to Rs. 7.78 Bn as compared to the last year. The cost of sales shrunk by 25% to Rs. 4.49 Bn which translated into the higher Gross Profit of Rs. 3.28 Bn.
The other income of the company also increased by 57% to Rs. 22.6 Mn as compared to the last year.
Furthermore, the Finance cost of the company has considerably increased by 91% and was recorded at Rs. 1.13 Bn, which has also impacted the earnings of the company. The Adminstrative expense of the company has also minimized to Rs. 76.1 Mn, which was Rs. 88.1 Mn during the last year for same period.
NCPL – HALF YEAR
EPS 2019 = 2.80 PKR
EPS 2018 = 2.60 PKR
Half Year Ended
EPS 2019 = 5.71 PKR
EPS 2018 = 5.05 PKR
Cash Dividend = NIL
Bonus Share = NIL