KARACHI: The Hub Power Company (Hubco) produced the most expensive electricity during FY21/22 at the rate of Rs44.14/kWh, as the furnace oil (FO)-based generation contributed 33 per cent to the total thermal generation during the period. According to the Performance Evaluation Report issued by the National Electric Power Regulatory Authority (Nepra), the data submitted by … Read more
KARACHI: The earnings of the benchmark KSE-100 Index displayed a jump of 19.9 per cent on a year-on-year basis in December 2021 and 0.6 per cent on a quarter-on-quarter basis. The earnings growth was led by the highest weighted commercial banks sector amid interest rate hike and reversal in general provisioning made last year in … Read more
The Hub Power Company Limited’s (Hubco) profitability declined in the outgoing quarter, primarily due to lower share of profits from China Power Hub Generation Company (CPHGC) and the absence of debt servicing revenue from the Narowal Energy Limited. The management updated that the affected unit of CPHGC has returned to service from January 6, 2022. … Read more
KARACHI: The Hub Power Company (Hubco) has declared a final cash dividend of Rs5/share for the year ended June 30, 2021, which is in addition to the interim dividend of Rs7/share already paid to the shareholders, a bourse filing said. Hubco posted a net profit of Rs34.83 billion, translating into the earnings per share (EPS) … Read more
KARACHI: The equity market started the session in the green zone, but later on bears took the charge and dominated the bourse throughout the day, while traded volume remained low due to the absence of any positive trigger, delay in refinery policy and mixed results announcements, dealers said on Thursday. An analyst at Arif Habib … Read more
KARACHI: The Hub Power Company (Hubco) has appointed Kamran Kamal as its new chief executive officer (CEO), a statement issued by the company said on Wednesday. Kamal has succeeded Khalid Mansoor who led the company for eight years. Kamal had already been a part of Hubco for the last six years as the CEO of … Read more
