Hifsa Raja

The sales revenue of Kohinoor Energy Limited (KEL) increased 30% to Rs7.03 billion in the first six months of fiscal year 2022-23 (6MFY23) from Rs5.41 billion over the corresponding period of the previous fiscal. Similarly, the company’s gross profit increased by 38% to Rs1.20 billion in 6MFY23 from Rs873 billion in 6MFY22. The profit-before-taxation jumped 12% to Rs776 million from Rs690 million in 6MFY22. The profit-after-taxation also jumped 13% to Rs775 million in 6MFY23 from Rs689 million in 6MFY22, reports WealthPK.

Through better management and policies, the company has made reducing its environmental footprint in operations a key component of its business strategy. It ensures that its businesses and operations are resilient and conducted in an environmentally and socially responsible manner.

Industry Comparison

Nishat Power Limited, Lalpir Power Limited, Altern Energy Limited, and Saif Power Limited have all been regarded as rivals of Kohinoor Energy Limited. Saif Power Limited has the largest market capitalisation of Rs 7.2 billion. The market value of Kohinoor Energy Limited is Rs5 billion, which is the smallest of its rivals.

Company Profile

Kohinoor Energy Limited was incorporated in Pakistan on April 26, 1994 as a public limited company under the repealed Companies Ordinance, 1984. The principal activities of the company are to own, operate and maintain a power plant in Lahore and to sell the electricity produced therefrom to the Central Power Purchasing Agency.

Credit: Independent News Pakistan-WealthPk