Karachi, Nishat Chunian Power Limited has revealed its financial performance for the fiscal year ended June 30, 2023, following a Board of Directors meeting held on August 30, 2023, in Lahore. The company's fiscal year results were presented, along with an announcement regarding the upcoming Annual General Meeting (AGM).

The Board of Directors has recommended the following for the fiscal year 2023:

Cash Dividend: Nil

Bonus: Nil

Right: Nil

Any Other Entitlement / Corporate Action: Nil

Any Other Price Sensitive Information: Nil

According to the Statement of Profit or Loss for the year ended June 30, 2023:

Revenue from Contract with Customer: Rs. 18,220,811,000

Cost of Sales: Rs. (13,162,851,000)

Gross Profit: Rs. 5,057,960,000

Administrative Expenses: Rs. (156,218,000)

Other Expenses: Rs. (189,404,000)

Other Income: Rs. 113,139,000

Profit from Operations: Rs. 4,825,477,000

Finance Cost: Rs. (868,314,000)

Profit Before Taxation: Rs. 3,957,163,000

Taxation: Rs. (600,000)

Profit After Taxation: Rs. 3,956,563,000

Earnings Per Share - Basic and Diluted (Rupees): 10.77

The Annual Report for the period ending June 30, 2023, will be communicated through the Pakistan Unified Corporate Action Reporting System (PUCARS) separately, adhering to the specific timeline.

The company also announced that its Annual General Meeting (AGM) will take place on September 25, 2023, in Lahore. This meeting serves as an opportunity for shareholders to engage with the company's management, discuss its performance, and provide insights for the future.