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Site update: March 27 2017, at 17:00 PKST
Stock update: March 27 2017.

Recent Financial News about LPL (Lalpir Power Limited)

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Tuesday, March 21 2017

Lalpir Power profit up 17pc
KARACHI: Lalpir Power Ltd (LPL) posted an after-tax profit of Rs995 million in 2016, representing a year-on-year growth of 17 per cent. Earnings per share rose to Rs2.62 from Rs2.20. The financial results were accompanied by a final cash dividend of Rs1 per share, taking the full-year payout to Rs2 per share. The results were thought to be in line with market expectations. However, the power producer’s top line plunged 30pc to Rs15.4 billion in 2016. Analyst Mehwish Zafar at JS Global believed that the hit mainly came on the back of lower power despatches (load factor 52pc versus 62pc in 2015). This however, resulted in minimal fuel losses for the independent power producer, translating into 4pc year-on-year growth in operating profit. Moreover, finance costs also decreased 11pc year-on-year to Rs718m due to lower interest rates.
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Related symbols: lpl (news stock)

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