KARACHI: The Hub Power Company Ltd posted a net profit of Rs57.6 billion for 2022-23, up 102 per cent from a year ago, the independent power producer told investors on Tuesday.

The rise in its earnings was mainly because of a 3.7 times year-on-year increase in the share of profit from associate and joint-venture firms and the addition of Thar Energy Ltd, said Arif Habib Ltd.

In the April-June quarter, the company posted a net profit of Rs23.9bn, up 241pc. It also announced a cash dividend of Rs6 per share .

Published in Dawn, September 13th, 2023

Opinion

Editorial

Accruing more debt
Updated 28 Sep, 2023

Accruing more debt

We are in midst of the worst, longest economic crisis because of lavish lifestyles of powerful interests.
Israeli normalisation
28 Sep, 2023

Israeli normalisation

OVER the past few weeks, there have been many reports prophesising the impending normalisation of ties between Saudi...
Kandhkot tragedy
28 Sep, 2023

Kandhkot tragedy

THE tragic incident that unfolded yesterday in Sindh’s Kandhkot tehsil, leading to the deaths of at least nine...
More desecration
Updated 27 Sep, 2023

More desecration

Attacks on the Islamic faith are not motivated by an attachment to free speech but by raw hatred.
Worrying remarks
27 Sep, 2023

Worrying remarks

THESE are ominous words from Gwadar. Maulana Hidayatur Rehman, chairman of the Gwadar Haq Do Tehreek, has warned ...
Justice or vendetta?
Updated 27 Sep, 2023

Justice or vendetta?

ONE wonders whether all pretence of the state as a democracy has been whittled down to a point where it has simply...