🔊 Listen to ArticleThe Board of Directors of K-Electric Limited has approved the company’s financial results for the year ended 30 June 2017, a private media house reported. In its financial results issued to the Pakistan Stock Exchange, KE declared profits of Rs10.4 billion as compared to Rs31.8 billion during the same period of FY2016, resulting in earnings per share (EPS) of Rs0.38 in FY17 from Rs1.15 rupees in FY16. According to K-Electric CEO Moonis Alvi, “KE has remained resolute in the face of multiple external challenges and has continued to deliver on its commitment to powering Karachi and serving its customers. “These measures have proved critical in catalysing economic growth in the city and in Pakistan at large. This virtuous cycle of upgradation, improvement and upliftment is the positive effect of KE reinvesting its profits back into the company, ensuring that we maintain our journey towards becoming even more customer-centric.”

Source: Pakistan Today July 05, 2019 17:26 UTC