HUBC is scheduled to announce its 3QFY21 financial result on 30th Apr’21

The Hub Power Company Limited (HUBC) is scheduled to announce its 3QFY21 financial result on 30th Apr’21. We forecast the company to post a consolidated profit after tax for 3QFY21 of PKR 8,435mn (EPS: PKR 6.50) compared to profit after tax of PKR 7,201mn (EPS: PKR 5.55) during 3QFY20. This will take the 9MFY21 profit to PKR 24,777 (EPS: PKR 19.10), increasing 36% YoY.

During 3QFY21, the uptick in earnings is mainly attributable to i) PKR depreciation and ii) decline in finance costs. Sales are expected to decrease by 2% YoY during 3QFY21 on the back of lower furnace oil prices, while dispatches have increased by 13% YoY. Finance cost is expected to decline by 45% YoY to PKR 1,721mn, due to lower interest rates.

Courtesy – AHL Research

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