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    ALTN   PK0077001011

ALTERN ENERGY LIMITED

(ALTN)
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Altern Energy : to negotiate tariff-related issues with govt

04/28/2020 | 11:59pm EST

The Board of Directors of Altern Energy Limited (AEL), in its meeting dated April 27 authorised management to proceed for contractual negotiations with the government to discuss tariff-related issues, informed the company in a statement to Pakistan Stock Exchange on Tuesday.

The company said it will discuss power related issues with the government in response to the Private Power and Infrastructure Board's letter, the statement further added.

© Pakistan Press International, source Asianet-Pakistan

Stocks mentioned in the article
ChangeLast1st jan.
ALTERN ENERGY LIMITED 0.24% 21.05 End-of-day quote.-2.95%
PAKISTAN STOCK EXCHANGE LIMITED 0.45% 13.46 End-of-day quote.-2.11%
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Financials
Sales 2021 12 410 M 70,5 M 70,5 M
Net income 2021 804 M 4,57 M 4,57 M
Net cash 2021 1 472 M 8,36 M 8,36 M
P/E ratio 2021 11,5x
Yield 2021 -
Capitalization 7 649 M 43,4 M 43,5 M
EV / Sales 2020 1,03x
EV / Sales 2021 0,63x
Nbr of Employees 26
Free-Float 4,26%
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Managers and Directors
Umer Shehzad Sheikh Chief Executive Officer & Executive Director
Muhammad Nadeem Farooq Chief Financial Officer
Taimur Dawood Chairman
Syed Rizwan Ali Shah Independent Director
Shah Muhammad Chaudhry Non-Executive Director