The Board of Directors of K-Electric Ltd (KE) recently approved the company’s financial results for the half-year ended December 31, 2020. KE has reported a net profit after tax amounting to Rs6.872 billion for the period under review, translating into an earning per share (EPS) of Rs0.25. This included Rs4.6 billion actual write-offs claim as per the mechanism provided under KE’s MYT. Driven by these operational improvements, the company’s gross profit increased by 23pc as compared to the same period last year. The company signed heads of terms agreement with Pakistan LNG Limited (PLL) in October 2020 for RLNG supply and is in discussions with PLL for signing of GSA for 150 MMCFD RLNG supply.

Source: Pakistan Today February 26, 2021 13:07 UTC