Kot Addu Power Company Limited (KAPCO) is scheduled to announce its FY22 financial result on Aug 31st 2022. We expect, the company to post a profit after tax of PKR 2,493mn (EPS: PKR 2.83) during 4QFY22. Load factor of the company is expected to increase by 35% YoY to 1.653 GWh during the last quarter due to higher demand from the power purchaser.

Other income is projected to decrease by 11% YoY to PKR 3.5bn, however expected to increase by 35% QoQ due to higher interest rates. Finance cost is expected to increase by 74% YoY on the back of higher interest rates and higher level of short term borrowings.

We expect the company to announce a cash dividend of PKR 5.00/share, taking the full year payout to PKR 9.00/share.

Courtesy – AHL Research