HUBCO profit dips 9% due to plant overhaul

Hub Power Company Limited’s (Hubco) consolidated profit dropped 9% to Rs11.34 billion in the year ended June 30, 2017 primarily because of higher operating costs, according to a bourse filing on Thursday.
The leading independent power producer had registered a profit of Rs12.50 billion in the preceding year.
Accordingly, earnings per share fell to Rs9.24 in FY17 compared to Rs10.29 last year.
Published in The Express Tribune, August 18th,2017.