profit increa­sed 19.5% to Rs2.21 billio­n in the quarte­r ended Decemb­er 31, mainly due to increa­sed salesKARACHI: Kot Addu Power Company Limited’s (Kapco) profit increased 19.5% to Rs2.21 billion in the quarter ended December 31, mainly due to increased sales, according to a notice sent to the Pakistan Stock Exchange (PSX) on Friday. In the same quarter (October-December) in 2017, the company booked a profit of Rs1.85 billion. Kapco’s share price increased 1.33%, or Rs0.78, and closed at Rs59.33 with 1.42 million shares changing hands at the PSX. ICTA teams impose fines of Rs1.615m on profiteersThe company’s sales increased 21% to Rs18.44 billion from Rs15.19 billion. Other income increased 29% to Rs1.58 billion compared to Rs1.22 billion.

Source: The Express Tribune February 24, 2018 04:30 UTC