´╗┐Financial results of The Hub Power Company Limited for Year ended June 30, 2021

Karachi, the Hub Power Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on August 30, 2021.

The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for Year ended June 30, 2021 which portrayed a profit of Rs. 21,433,839 and Rs. 34,830,336 with earnings per share 16.52 and 25.97 basic and diluted respectively.

Further, 50% payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from September 25, 2021 to October 05, 2021 (both days inclusive).

The Hub Power Company Limited was incorporated in Pakistan on August 1, 1991 as a public limited company. The principal activities of the Company are to develop, own, operate and maintain power stations. The Company owns an oil-fired power station of 1,200 MW in Baluchistan (Hub plant). Narowal Plant is also an RFO-fired, engine based, combined cycle power station, located at Mouza Poong, Narowal in Punjab.

The Company also holds 75% controlling interest in Laraib Energy Limited, which is a run off the river hydel power plant downstream of Mangla Dam in Azad Jammu and Kashmir. The joint-venture with China Power International Holdings (CPIH), a 1320MW imported coal-based power plant, China Power Hub Generation Company Limited (CPHGC) has started its commercial operations providing energy to over 4 million households.

The total numbers of shares are 1,297,154,400. The Earnings per shares of the Company is 7.84 in 2020 which was 6.70 in 2019. Their Profit after Taxation is 10,166,739,000 in 2020 which was 8,036,981,000 in 2019.