HUBCO announces 30 percent dividend

KARACHI: Hub Power Company (HUBCO) has posted a higher profit after tax of Rs 2.998 billion for the half year ending December 31, 2011 and declared an interim cash dividend of Rs 3 per share.

According to financial results despatched to KSE here Wednesday, gross profit has surged to Rs 6.870 billion against Rs 4.248 billion same period last year.

The earning per share slightly improved to Rs 2.59 during the period under review compared to Rs 2.46 in the corresponding period of 2010.

The IPP registered a turnover of Rs 79.447 during six months.