KARACHI: Hub Power Company Limited (HUBCO), the largest power station of Pakistan, has declared a final cash dividend of Rs 3.00 per share (30 percent) to its shareholders for the year ended June 30, 2011, mentioned in a notice issued by the company to Karachi Stock exchange.
The board of directors of the company met on Thursday to approve financial information of the company for the year ended June 30, 2011.
Announced dividend is in addition to interim dividend already paid in April, 2011 at Rs 2.50 per share (25 percent).
HUBCO net sales surged by 23.69 percent year on year (YoY) to Rs 123.309 billion during the financial year 2011 (FY11) as against Rs 99.694 billion in the same period last year. Increase in sale turnover is due to higher load factor, hike in its tariff and higher indexation factor due to Pak rupee depreciation and inflation.
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