NCPL posts Rs 1.61 billion profit after tax

Nishat Chunian Power Limited has posted Rs 1,612.433 million as profit after tax in the year ended June 30, 2011 (FY11) as compared to after tax loss of Rs 7.757 million posted in FY10. The company's earning per share stood at Rs 4.389 in the period under review against per share loss of Re 0.023 in the same period last year.
The board of directors of the company in its meeting held on October 8, 2011 recommended a final cash dividend for the year at Re 1.00 per share ie 10 percent. This is in addition to interim dividend already paid at Re 1.00 per share ie 10 percent. The company's profit before taxation stood at Rs 1,626.013 million in FY11 against before tax loss of Rs 6.453 million in FY10.