Company Information
Saifullah Chattha Albaraka Bank (Pakistan) Limited Allied Bank Limited Askari Bank Limited Bank Alfalah Limited Burj Bank Limited Citibank N.A. Dubai Islamic Bank Pakistan Limited Faysal Bank Limited Habib Bank Limited Industrial & Commercial Bank of China KASB Bank Limited MCB Bank Limited Meezan Bank Limited National Bank of Pakistan NIB Bank Limited Standard Chartered Bank (Pakistan) Limited Standard Chartered Modaraba Summit Bank Limited United Bank Limited Phase-II K-Electric Limited (Formerly: Karachi Electric Supply Company Limited) Brief Review I am pleased to present the un-audited accounts of K-Electric Limited (KE) for the half year ended 31 December 2013 on behalf of the Board of Directors. Key operational and financial results are summarized below: JUL-DEC JU L-DEC 2013 2012 OPERATIONAL (UNITS - GWh) Units generated (net of auxiliary ) 4,192 4,145 Units purchase d 3,690 3,661 Total units available for distributio n 7,882 7,806 Units billed 5,831 5,581 Transmission & Distribution Losse s % 26.0% 28.5% (PKR - MILLIONS ) F INANCIAL Restated Revenue 95,601 94,346 Profit before taxation 4,234 849 Taxation – net 484 2,326 Profit for the period 4,718 3,175 Earnings per share - BASIC/DILUT ED (Rupees) 0.17 0.11 Earnings before Interest ,Tax, Depreciation and 14,624 13,404 Amortization (EBITDA ) NAME CHANGE OF THE COMPANY With the completion of 100 years of its existence and to start a new century with a renewed identity and a strong resolve of bringing progress and success, the company has been re-named as “K-Electric Limited” after obtaining requisite statutory approvals and completing all corporate actions, effective from 16 January 2014.
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