KARACHI: K-Electric Ltd declared profit-after-tax at Rs12 billion and earnings per share at Rs0.43 for the year ended June 30, 2021, which replaced loss of Rs3bn and loss per share at Rs0.11 suffered in FY20.

The company said in a statement that the earnings were driven by investments of around Rs81bn across the power value chain supplemented by improved economic conditions and revival of economic activity post the Covid-19 lockdown.

T&D losses were reduced from 19.7pc in FY 2020 to 17.5pc in FY21 and recovery ratio improved from 92.1pc in FY20 to 94.9pc in FY21.

Published in Dawn, September 14th, 2021