Profit after tax of Pakgen Power reduces

The profit after tax of Pakgen Power Limited has reduced to Rs 1.368 billion in year ended December 31, 2011 as compared to Rs 1.537 billion earned in the corresponding period in 2010. The board of directors of the company in its meeting held on Tuesday declared that the company's earning per share stood at Rs 3.68 in the period under review against Rs 4.13 in the same period a year back.
According to the financial results sent to Karachi Stock Exchange, the company's revenue increased to Rs 31.303 billion in 2011 against Rs 20.506 billion in 2010. The cost of sales increased to Rs 28.989 billion against Rs 17.958 billion. The company's profit before taxation stood at Rs 1.368 billion in 2011 against Rs 1.551 billion in 2010.