Altern Energy Limited Reports Un-Consolidated and Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2017
February 25, 2018
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Altern Energy Limited reported un-consolidated and consolidated earnings results for the second quarter and six months ended December 31, 2017. For the quarter, on un-consolidated basis, the company reported revenue-net of PKR 610.146 million against PKR 489.102 million a year ago. Profit from operations was PKR 1,471.144 million against PKR 52.228 million a year ago. Profit before taxation was PKR 1,462.686 million against PKR 50.294 million a year ago. Profit after taxation was PKR 1,462.686 million or PKR 4.03 per basic and diluted share against PKR 50.294 million or PKR 0.14 per basic and diluted share a year ago.
For the six months, on un-consolidated basis, the company reported revenue-net of PKR 1,010.987 million against PKR 1,059.387 million a year ago. Profit from operations was PKR 1,520.1 million against PKR 145.005 million a year ago. Profit before taxation was PKR 1,506.744 million against PKR 139.872 million a year ago. Profit after taxation was PKR 1,507.069 million or PKR 4.15 per basic and diluted share against PKR 139.849 million or PKR 0.38 per basic and diluted share a year ago.
For the quarter, on consolidated basis, the company reported revenue-net of PKR 6,055.096 million against PKR 9,052.488 million a year ago. Profit from operations was PKR 734.822 million against PKR 1,417.783 million a year ago. Profit before taxation was PKR 449.006 million against PKR 1,210.469 million a year ago. Profit attributable to equity holders of the parent was PKR 265.076 million or PKR 0.73 per basic and diluted share against PKR 694.116 million or PKR 1.91 per basic and diluted share a year ago.
For the six months, on consolidated basis, the company reported revenue-net of PKR 13,526.565 million against PKR 16,643.989 million a year ago. Profit from operations was PKR 1,981.721 million against PKR 2,818.934 million a year ago. Profit before taxation was PKR 1,548.223 million against PKR 2,363.398 million a year ago. Profit attributable to equity holders of the parent was PKR 871.701 million or PKR 2.40 per basic and diluted share against PKR 1,373.777 million or PKR 3.78 per basic and diluted share a year ago.
Altern Energy Limited is a Pakistan-based company. The principal activity of the Company is to build, own, operate and maintain a gas-fired power plant having a gross capacity of about 32 megawatts. The Company also holds direct and indirect investments in other companies engaged in power generation. The electricity produced is sold to its sole customer, Central Power Purchasing Agency (Guarantee) Limited (CPPA) through the transmission network of National Transmission and Dispatch Company (NTDC). The Companyâs subsidiary, Rousch (Pakistan) Power Limited (RPPL), is an independent power producer having a gross capacity of about 450 megawatts. The principal activity of RPPL is the sale of electricity, ownership, and the operation, and maintenance of a 450 Mega Watts gas-based combined cycle thermal power plant located near Sidhnai Barrage, Abdul Hakeem, District Khanewal, Punjab. The Company's thermal power plant is located near Fateh Jang, District Attock, Punjab.
ALTERN ENERGY LIMITED 
