The Hub Power Company Limited (HUBC) is scheduled to announce its FY22 financial result on Aug 25th 2022. We forecast the company to post a consolidated profit after tax of PKR 7,569mn (EPS: PKR 5.84) in 4QFY22 compared to PKR 8,770mn (EPS: PKR 6.76) during 4QFY21.
Sales are expected to increase by 82% YoY in 4QFY22 on the back of higher dispatches and higher FO prices. Load factors of all plants remained higher due to augmented demand from power purchaser.
Finance cost is expected to settle at PKR 2,892mn in the quarter due to higher level of short-term borrowings along with higher interest rates. This will take the FY22 bottom-line to PKR 29,023mn (EPS: PKR 22.37) vis-à-vis PKR 33,688mn (EPS: PKR 25.97) in FY21.
Alongside the result, we expect the company to announce a dividend of PKR 5.50/share (FY22: PKR 12.00/share).
Courtesy – AHL Research