Kot Addu Full-Year Profit Increases 20% on Lower Finance Costs
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Kot Addu Power Co., Pakistan’s biggest electricity producer, reported a 20 percent increase in full-year profit because of lower finance costs.
Net income climbed to 7.35 billion rupees ($71 million), or 8.35 rupees a share, in the 12 months ended June 30 from 6.1 billion rupees, or 6.90 rupees, a year earlier, the Lahore-based company said today in a filing to the Karachi Stock Exchange. Sales fell 2.8 percent to 97.7 billion rupees.